Military Review

Chile is considering financing options for arms procurement for the upcoming 12 summer period

Chile is considering financing options for arms procurement for the upcoming 12 summer period

Chilean government plans to send billion dollars from 7 to 11 to purchase defense products from 2014 to 2025, but changes to the Copper Law and the coming to power of the new government may change these plans.

According to the International Defense Review, current procurement plans for new major combat tanks, training and transport aircraft, frigates, submarines and other systems have already been criticized by the leadership of neighboring countries, including Peru and Bolivia, regarding "Chilean militarism."

According to the newspaper, the list of promising purchases can also include tanker aircraft and amphibious ships, which are planned to be purchased in the United States and France.

Planned acquisitions should be partially funded from the Copper Law, which provides for the allocation of 10% of the profit of the state CODELCO group from the sale of copper for the purchase of weapons.

According to sources of Janes, 5 billion dollars is currently accumulated in the strategic reserve fund of the Copper Law.

Over the past 10 years, several attempts have been made to repeal the Copper Law. The latest bill sent to parliament in 2012 year is currently being considered in the Senate after approval by the House of Representatives.

The Chilean leftists, seeking to return to power in 2014, have criticized the bill for not allowing it to make military spending more transparent, as well as failing to give parliament more authority.

On the other hand, it is criticized that the project significantly increases the annual volume of funds for purchases (from 270 million dollars a year under the Copper Law to 480 million dollars).

The project includes the main provisions of the formation of a military procurement plan for the period 12 years. However, according to the opposition, from the text of the document it follows that these plans will not be binding, and the following governments will have the authority to postpone, reduce or cancel them.

A number of experts working on a strategy for the new government believe that the threat of an armed conflict in the region is unlikely and that the Chilean government should cut military spending while continuing to acquire promising technology, but in smaller amounts.
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  1. xetai9977
    xetai9977 21 May 2013 15: 42 New
    Chile has problems in relations with Bolivia and Peru, and Chileans have always kept gunpowder dry. They have the most efficient army in the west of South and Central America, right up to Mexico.
    1. Phantom Revolution
      Phantom Revolution 21 May 2013 16: 39 New
      Well, how can I say, the neighbors are not asleep, Peru, Venezuela are actively arming themselves. Here, most likely, the Russian Federation will not work, according to polit. reasons. Most likely they can buy a stronghold if Ukraine is bustling under, and if the EU is bustling then it will be able to discard its excess leopards.
  2. Vtel
    Vtel 21 May 2013 15: 57 New
    Freedom to Luis Corvalan!
    1. xetai9977
      xetai9977 21 May 2013 16: 27 New
      Corvolan died 3 years ago. But life goes on. And in general, a holy place never happens. They will not sell weapons to the Chileans, others will sell. Chile is now a very democratic government.
  3. Canep
    Canep 21 May 2013 16: 42 New
    Judging by what the Chilean warriors of Russia are wearing, there’s nothing to catch
    Quote: xetai9977
    Chile is now a very democratic government.
    That’s exactly democratic.
    1. xetai9977
      xetai9977 21 May 2013 18: 43 New
      In my opinion, Russia also sold them something.
    2. OTAKE
      OTAKE 22 May 2013 08: 53 New
      Quote: Canep
      Judging by what the Chilean warriors of Russia are wearing, there’s nothing to catch

      stupid Chileans, forgot to ask the Russian warriors how to dress, oh, these Chileans, savages.

  4. JonnyT
    JonnyT 21 May 2013 16: 57 New
    Everyone understands that a turning point is coming. Here Chileans, when the mess begins, will solve their problems by force.
  5. treskoed
    treskoed 21 May 2013 17: 33 New
    I wonder what of our weapons they are interested in?
    APASUS 21 May 2013 18: 49 New
    Here we need such a "copper law"!
    Only not copper but oil!
    That there would be no such distortions with the financing of the Army, otherwise the Army is first financed according to the residual principle, and then we are catching up as abnormal !!
  7. SANAY
    SANAY 21 May 2013 20: 05 New
    Chileans well done! Equipped and updated! Otherwise ... They always had enough enemies. But the US position is not even surprising.
  8. luka095
    luka095 21 May 2013 22: 01 New
    Quote: APASUS
    Here we need such a "copper law"!

    Maybe even oil and gas law.