#defense-spending

#defense-spending

The bill passed with a final vote of 218-214, fulfilling the demands of the Republican party and assuring its presence on Trump’s desk for signing.

After the Second World War, the United States approved funding - which would eventually rise to more than $12 billion - for the rebuilding of western Europe. Known as the Marshall Plan, it was not merely an act of generosity. It was a calculated effort to rebuild economies, stabilize democracies and contain the spread of extremism. Building resilient societies abroad will similarly make people safer in their own nations today.

Investing in understanding our vulnerabilities instead of increasing defense spending would ultimately provide better security for Ireland in a world of escalating threats.

The British Prime Minister Keir Starmer raised the United Kingdom's military posture in response to the ongoing tensions between Russia and Ukraine, boosting defense spending.

"We're expecting a very, very significant expansion in the next 10 years, and that is not just across our services business, but across additional programs."

PeaceTech emerges as a critical response to the rising defense spending, focusing not only on defense strategies but on the active prevention of conflict and violence.

Countries like Egypt, Algeria, and South Africa are increasing their defense budgets, demonstrating a shift in military strategy and regional influence across Africa.

"You've signed a contract with a company to reconfigure the aircraft. What is the price of that contract?" - Sen. Jack Reed interrogating Hegseth in Senate hearing.

Pakistani Finance Minister Muhammad Aurangzeb stated that the defense budget will rise by almost 20 percent to $9 billion, which requires slashing other government spending.

'I want to thank this committee for the flexibility alongside FY25 and the continued resolution-DELARU: Well, I would hope you would thank this committee for the funding it has made.'

The budget for the fiscal year 2025-2026 ramps up defence spending to 2.55 trillion rupees ($9bn), up 20 percent from the current fiscal year.