Defense Budget News - Latest Updates & Headlines
China continues to hike its defense expenditure
Hong Kong, March 11: On 5 March, at this year's 14th National People's Congress, China announced its defense budget for 2025. The latest figure rises 7.2% year on year. Interestingly, Beijing maintained the growth rate of its military expenditure at precisely the same percentage as last year, and the year before, as Chairman Xi Jinping prioritizes development of the People's Liberation Army (PLA).
China targets 7.2 percent defence budget hike, 5 percent growth despite trade war with US
Beijing, March 6: Even as China faces a potential Trade War over tariffs with the United States, Beijing has pledged to make domestic demand its main economic driver. It has its annual growth targets to about 5 percent, and along with that, it has called for a 7.2 defence budget hike due to rising regional tensions.
Taiwan urges Beijing to exercise 'self-restraint' amid hike in Chinese defence budget
Taipei, March 6: Taiwan has called for "reason and self-restraint" following reports that China would increase its military spending by 7.2 per cent in 2025, according to local media reports.
Pentagon ordered to plan for 8 per cent annual defence budget cuts over next 5 years
Washington DC, February 20: Defence Secretary Pete Hegseth has instructed top Pentagon and US military officials to prepare plans to reduce the defence budget by 8 per cent annually over the next five years, according to a memo obtained by The Washington Post.