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The short-term impact of Canada's budget will be small

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CANADA

The budget keeps the deficit just inside prescribed limits despite an increase in new spending, by stepping up measures to boost revenue. Initiatives designed to target the…

Tokyo and Washington will step up defence cooperation

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JAPAN/US

Kishida and Biden hailed a historic upgrade in defence ties and announced a record volume of around 70 agreements, spanning various sectors.

Militarisation will cause rising distortions in Russia

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RUSSIA

Record levels of defence spending have led to surging demand for inputs used to manufacture military equipment, driving up output across various sectors. However, evidence of…

Germany will struggle to meet its defence objectives

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GERMANY

The target will be met through the regular budget and the EUR100bn (USD104bn) special defence fund, which is due to be exhausted by the end of 2027. There is no cabinet consensus…

Russia will remain a world-class submarine power

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RUSSIA

The navy has been more successful in modernising its submarine force than its surface fleet. Although it has fallen short of its original targets set in 2011, the new submarines…

China’s defence spending will remain stable

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CHINA

Defence spending will account for 1.2% of GDP in 2024, having remained stable at around this figure for at least the past two decades. Nevertheless, outside estimates of China’s…

New Russian government introduces the next generation

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RUSSIA

This decision was taken following Vladimir Putin’s inauguration as president for the fifth time earlier that month. The membership of the new government indicates important shifts…

Poland will strengthen security amid espionage fears

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POLAND

The event was just one in a succession of similar developments in the country that Prime Minister Donald Tusk’s government has blamed on covert Russian and Belarusian operations…

Japan will raise defence spending and cut deficits

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JAPAN

The budget is likely to be enacted by the end of the current fiscal year in March 2024. Rapidly increasing military spending reflects drastic changes in Tokyo’s defence policy. On…

Turkey’s defence industry is set for growth

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TURKEY

A major milestone was showcased in February, as KAAN, the country’s first domestically produced fifth-generation combat aircraft, made its maiden flight. The aircraft is equipped…