(Reuters) – Iranian President Hassan Rouhani will hike military spending by more than a third in the next fiscal year despite presenting a “cautious, tight” budget to parliament on Sunday in response to falling oil prices and punishing sanctions arising from the country’s disputed nuclear program.
By Christopher Harress
The House of Representatives on Thursday passed a combined version of National Defense Authorization Act of 2015 that will see defense spending set at $585 billion for 2015. After a bipartisan vote of 300-119, the legislation will now head to the Senate, where it is expected to be voted on next week. The equivalent figure for fiscal 2014 was $615 billion.
Angola’s military and defence expenditure will increase from the current $6.5 billion to $13 billion by 2019 due to increased demand for border security equipment, fighter jets, multi-role aircraft, helicopters, navy vessels and unmanned aerial vehicles (UAVs).
By Mushvig Mehdiyev
Azerbaijan decided to allocate $5 billion to military in 2015 in an effort to improve the combat readiness, as well as the technical equipment and upgrade of its army.
Total amount of the military expenditure shares 17.9 percent of the budget assignments and is the next record figure in Azerbaijan’s history, according to Finance Minister Samir Sharifov. He said Azerbaijan’s sole military budget exceeds the overall state budget of Armenia by $2 billion.
NEW DELHI — India has approved a 158 billion rupee (S$3.3 billion) purchase of artillery, the first acquisition of large-calibre guns since the 1980s, as Prime Minister Narendra Modi seeks to modernise the armed forces.
The Defence Acquisition Council authorised 229 billion rupees of procurements over the weekend, including the artillery, a government official told reporters in New Delhi, asking not to be identified. The meeting was the first since Mr Manohar Parrikar became defence minister earlier this month.