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Brazil boosts military spending more than 50 percent
Brasilia (AFP) Oct 28, 2007 Brazil Sunday announced it plans to boost its military spending by more than 50 percent in 2008, to around five billion dollars, and draw up a new defense plan, but told its neighbors they should not worry. "Brazil has well established, peaceful relations with all South American nations ... one of our political priorities is economic and structural integration of the region ... (and in 2008) we'll also be strenghtening our military links," Defense Minister Nelson Jobim, said in a public speech. Brazil, he added, cannot "neglect its defense. Therefore, we will increase our budget outlays and investment in the army, navy and air force by more than 50 percent." He also said Brazil "is elaborating a national stretegy defense plan that will determine each military branch's mission and the equipment it needs for its activities." Jobin said the military equipment envisioned in the plan includes new fighter jets. Brazil in 2002 mothballed military programs to buy 12 fighther jets worth around four billion dollar, and build a nuclear submarine over 10 years for a total cost of 1.3 billion dollars. These programs could be relaunched in 2008. According to official figures made public Sunday, Brazil has requested in its 2008 budget proposal to Congress some five billion dollars for its military forces, with the possibility of raising it to 5.64 billion. In 2007, Brazil's military budget was around 3.5 billion dollars. Community Email This Article Comment On This Article Related Links The Military Industrial Complex at SpaceWar.com Learn about the Superpowers of the 21st Century at SpaceWar.com
New Delhi urges military to be open in defence deals
New Delhi (AFP) Oct 24, 2007India on Wednesday urged its military chiefs to ensure transparency in a swathe of multi-billion dollar deals due to be signed in coming years as the armed forces modernise. |
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