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View all search resultsdefense-budget
Asia & Pacific 4 years ago
Biden signs $778 bilion defense policy bill with eye on China
The National Defense Authorization Act for fiscal 2022 through next September authorizes about 5 percent more in spending than last year's budget. It also earmarks $7.1 billion for the "Pacific Deterrence Initiative," a more than three-fold increase from fiscal 2021.
World 5 years ago
US, South Korea reach agreement on defense cost-sharing deal
The deal, which according to South Korean media reports is expected to see Seoul increase its contribution, was reached after President Joe Biden took office in January. Negotiations had dragged on as the administration of his predecessor Donald Trump demanded a sharp increase in Seoul's contribution.
National 5 years ago
PREMIUM
Poor budget planning is hurting weapons modernization: Experts
The government might face difficulties in modernizing the country’s primary weapons system (Alutsista) as much of its defense budget is allocated toward personnel expenses and maintenance of old equipment, defense analysts have said.
