China is expected to increase defence spending this year by 7.2 per cent to USD 225, according to a draft released by the Ministry of Finance, China on Sunday
The growth of the defence budget is connected with the government's decision to ensure an increase in defence spending to 2 per cent of the country's gross domestic product by 2027, which is approximately 11 trillion yen per year.
Japanese media said the new strategies outlined in three defence and security documents approved by Japan's cabinet on Friday are a marked departure from post-WWII norms. Most notably, they involve doubling defence spending over the next five years to 2 per cent of GDP in fiscal 2027, Japan'
Senators overwhelmingly passed the National Defence Authorization Act (NDAA) on Thursday, with sending the bill to US President Joe Biden to be signed into law, The Hill newspaper reported.
Islamabad [Pakistan], June 11 (ANI): Pakistani government has proposed an allocation of PKR 1.523 trillion for defence services for the fiscal year 2022-23, with an increase of 11.16 per cent over the initial allocation for the outgoing year (2021-22), according to local media.
Washington [US], December 28 (ANI): US President Joe Biden has signed the USD 768 billion defence spending bill for 2022 which includes some USD 7.1 billion for operations in the Indo-Pacific region and calls for developing a "grand strategy" with respect to China.
Washington [US], December 8 (ANI/Sputnik): The US House of Representatives passed an updated version of the USD 768 billion defence spending bill for 2022, sending it to the Senate for consideration.
Washington [US], November 28 (ANI): US President Joe Biden expressed his hope that Japan would increase its defence budget during a phone call with Prime Minister Fumio Kishida in October, Japanese media reported on Saturday.
Washington [US], March 7 (ANI): The United States must work with allies to ensure it's capable of meeting the challenges and threats posed by China's military and defence programs in wake of Beijing's increased defence spending, according to analysts.
Taipei [Taiwan], August 14 (ANI): As tensions with China escalates, Taiwan has unveiled a budget with a 10 per cent increase in defence spending for next year.