Turkey increases its military expenditures

The BRIC countries (Brazil, Russia, India and China), which transformed the crisis into an opportunity and formed a new pole, increased their military spending rapidly. China realized the fastest increase among them and raised its military expenditure to $142 billion, a 33 percent...

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Turkey increases its military expenditures



Balkans.com Business News Correspondent - 16.09.2013

The BRIC countries (Brazil, Russia, India and China), which transformed the crisis into an opportunity and formed a new pole, increased their military spending rapidly. China realized the fastest increase among them and raised its military expenditure to $142 billion, a 33 percent increase.
In the European Union, while the United Kingdom didn’t make considerable savings, Germany raised its military spending by 3 percent.
Italy, which is one of the “sick” members of the eurozone, didn’t make any radical reductions to its military spending, despite its budget problems, dropping its spending by only 7 percent, according to SIPRI data. As for Spain, it took more steps and reduced its military budget by 20 percent. The SIPRI data shows that Turkey raised its military budget to around $18 billion with almost a 9 percent increase in the crisis period when compared to 2008. Approximately half of this budget was expended on arms and imports. Also below is QATAR info The U.S. feeds military industries, enlivening some of its economic activities by using those death machines. There is no country in the world that can come close to the military might and expense budget of the U.S. The country’s military companies’ largest customers are the oil-rich Middle Eastern countries and some Asian nations. These countries pay billions of dollars to buy military supplies from the U.S. in some sort of bribe, even when they do not have any intention of using the materiel. To be sure, the U.S. observes and controls the whole process. 
Although China’s GDP has risen close enough to match the U.S.’s GDP. In volume, however, its income per capita is much lower, and the share of its military expenditure in GDP is no higher than 7 percent due to its high population. The share of the military expenditure in the total GDP of Russia is not over 4.2 percent; in France, Britain, Japan and even Germany, it is around 4 percent, with each paying $65 billion to 70 billion annually.
According to the SIPRI data, Turkey has spent $187 billion for military purposes in the last decade. This represents 3 percent of the country’s GDP, and $19 billion annually. Turkey has appeared to surpass Israel in terms of military expenditure. 
The countries didn’t draw back from procuring armaments even during the global crisis. They cut spending in education, health and social aid, and they avoided spending on unemployment and poverty, but not on arms.
The countries, including Turkey, that expended the most on their military budget cut spending in almost every field during the global crisis, according to SIPRI’s data. Moreover, they raised their military expenditure by around 9 percent between 2009 and 2012.
Despite the growth rate of the U.S., which accounted for 40 percent of total military expenditures in the world, falling from 3 to 1 percent during the crisis, the country didn’t adjust their military budgets; conversely, it raised its annual spending to $700 billion, a $50 billion increase.  Hurriyet Daily


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