North Korea’s losses in the Russia-Ukraine war are heavy, as more than 1,000 North Korean soldiers have been killed or injured…
UK | Defence spending hit $31.5 billion in 2022-2023
Defence Redefined
Published on 16/02/2024 at 17:23
Britain’s defence expenditure was more than $31.5 billion for the period 2022-2023, according to official statistics.
The figure is higher by $2.3 billion compared to the 2021-2022 budget, adjusted for inflation.
As the relevant report of the Ministry of Defence states, the increase in defence spending underlines the government’s commitment to strengthening and improving the domestic defence industry, while supporting the economy by creating new jobs, as stated by the Minister of Defence, Grant Shapps.
Indeed, an estimated 209,000 jobs are supported through the Ministry of Defence and the report shows that for the third consecutive year defence spending has risen, with the Defence Secretary saying this is due to emerging threats, which have forced Britain to invest in upgrading Armed Forces’ weapon systems and personnel support.
Source: Defense Post
Also read: BAE Systems | Announces team for the UK’s future artillery program
RECENT
Losses for North Korea in Ukraine | 1,100 soldiers have been killed or wounded
THEON INTERNATIONAL | Projection for continued growth for the financial year 2025 with a high margin…
Greece | PDPA’s “yes” to Placing Police Cameras on the Streets
MBDA | Modernising TAURUS Missiles for the Bundeswehr
Syria | New Minister of Defence Murhaf Abu Kasra
NEWSLETTER SUBSCRIPTION
READ MORE
Syria | New Minister of Defence Murhaf Abu Kasra
Syria’s new leaders have appointed Murhaf Abu Kasra, a prominent figure among rebels who ousted Bashar al-Assad, as…
Red Sea | A US Fighter Jet was Shot Down by Friendly Fire
A US fighter jet was shot down by friendly fire over the Red Sea on Sunday, as announced by the headquarters of the US armed…
RECENTLY
Losses for North Korea in Ukraine | 1,100 soldiers have been killed or wounded
North Korea’s losses in the Russia-Ukraine war are heavy, as more than 1,000 North Korean soldiers have been killed or injured…
THEON INTERNATIONAL | Projection for continued growth for the financial year 2025 with a high margin for profitability
THEON INTERNATIONAL PLC (THEON) has announced its projections for the financial year 2025. Revenue is expected to…
Greece | PDPA’s “yes” to Placing Police Cameras on the Streets
The Personal Data Protection Authority gave the green light to the Hellenic Police’s placement of cameras on the streets to prevent and…
MBDA | Modernising TAURUS Missiles for the Bundeswehr
The Bundeswehr and TAURUS Systems GmbH (a joint venture between MBDA and SAAB) have signed a contract for the maintenance and…
Syria | New Minister of Defence Murhaf Abu Kasra
Syria’s new leaders have appointed Murhaf Abu Kasra, a prominent figure among rebels who ousted Bashar al-Assad, as…
Turkey – Spain | Memorandum of Cooperation for the Development of Turkish Hurjet Training Aircraft
Turkey and Spain have signed a Memorandum of Understanding (MoU) to develop Turkish-made Hurjet trainer-light fighter aircraft.