Over 5 years, China will double the military budget
According to estimates by the analytical company IHS, by 2015, China’s defense spending could reach 238,2 billion (for comparison, 2011 was 119,8 billion).
According to Rajiv Biswas, IHS Global Insight's chief economic specialist for the Asia-Pacific region, over the past two decades, Beijing has been constantly increasing its military budget. 2000 to 2009 The average annual growth of the PRC military budget has reached 12%.
As analysts of “IHS” note, China is redistributing military expenditures, paying more and more attention to the improvement of equipment and a phased reduction in the number of military personnel.
According to IHS Jane's budget analyst Paul Burton, the increase in China’s military budget will be the reason for the growth of military spending in the Asia-Pacific countries, primarily Indonesia and Vietnam. IHS estimates that Singapore will spend 2015 billion dollars on 12,3 defense by XNUMX.
Against the background of a substantial increase in the defense budget of its potential adversary, the United States, however, is cutting military spending. By 2017, the Pentagon plans to cut military spending by 259 billion dollars, and in the next 10 years - by 487 billion dollars. The US Department of Defense intends to focus on more compact, but equipped with the latest technology, armed forces.
At the start of 2012, Barack Obama made a statement that cutting US military spending would not affect the country's ability to compete with strategic opponents and fight terrorism. The American president also noted that in the long term, the PRC will increasingly influence the American military sphere and economy.
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