{"id":40641,"date":"2022-10-29T07:00:00","date_gmt":"2022-10-29T05:00:00","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&#038;p=40641"},"modified":"2022-10-27T16:24:18","modified_gmt":"2022-10-27T14:24:18","slug":"algeria-plans-127-increase-in-military-budget-to-22-7-billion","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2022\/10\/29\/algeria-plans-127-increase-in-military-budget-to-22-7-billion\/","title":{"rendered":"Algeria plans 127% increase in military budget to $22.7 billion"},"content":"\n  \n    \n      \nThe 2023 finance bill drawn up by the Algerian government provides for a 127% increase in the country&#8217;s military budget, to 22.7 billion dollars, the specialized portal Menadefense reported on Monday (October 17th).\n\n    \n  \n\n\n  \n    \n      \nThis budget will be adopted without debate by Parliament at the end of next November, in accordance with a presidential decree published last September and which excludes from parliamentary debate issues related to defense and diplomacy.\n\n    \n  \n\n\n  \n    \n      \nSince 2004, the Algerian military budget has averaged $10 billion per year.\n\n    \n  \n\n\n  \n    \n      \nThe breakdown of the military budget appearing in the 2023 finance bill shows that 8.8 billion dollars should be devoted to &#8220;general administration&#8221; while 8.5 billion would be allocated to &#8220;national defence&#8221;, which suggests , according to experts, the signing of large arms contracts next year. Finally, a part estimated at more than 5 billion dollars should be allocated to a separate chapter entitled &#8220;Logistics and multifaceted support&#8221;, which could lead to budgeting aimed at financing operations outside Algeria&#8217;s borders, according to Menadefense. .\n\n    \n  \n\n\n  \n    \n      \nAccording to data released last April by the Stockholm International Peace Research Institute (SIPRI), Algeria ranked first in Africa and 26th globally in military spending in 2021. These expenditures reached 9.1 billion dollars during the past year, or 5.6% of the country&#8217;s GDP.\n\n    \n  \n\n","author":114,"featured_media":29745,"comment_status":"open","ping_status":"closed","template":"","tags":[5777,5754,6187,5766,5759],"location":[5985],"class_list":["post-40641","news","type-news","status-publish","has-post-thumbnail","hentry","tag-army","tag-business","tag-defense-en","tag-economic-analysis","tag-politics","location-algeria-en"],"short_url":"https:\/\/bit.ly\/3TKJALq","have_related_news":"done","chapo":"The largest arms buyer in Africa, Algeria ranked first on the continent and 26th globally in terms of military spending in 2021.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/09\/les-forces-armees-de-turquie-et-celles-de-la-republique-turque-de-chypre-du-nord-ont-lance-leurs-manoeuvres-militaires-550x360.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/09\/les-forces-armees-de-turquie-et-celles-de-la-republique-turque-de-chypre-du-nord-ont-lance-leurs-manoeuvres-militaires-550x360.jpg 550w","sizes":"550px","alt":"Les forces arm\u00e9es de Turquie et celles de la R\u00e9publique turque de Chypre du Nord ont lanc\u00e9 leurs manoeuvres militaires","width":550,"height":360,"ratio":0.75,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/09\/les-forces-armees-de-turquie-et-celles-de-la-republique-turque-de-chypre-du-nord-ont-lance-leurs-manoeuvres-militaires-877x658.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/09\/les-forces-armees-de-turquie-et-celles-de-la-republique-turque-de-chypre-du-nord-ont-lance-leurs-manoeuvres-militaires-877x658.jpg 1170w","sizes":"1170px","alt":"Les forces arm\u00e9es de Turquie et celles de la R\u00e9publique turque de Chypre du Nord ont lanc\u00e9 leurs manoeuvres militaires","width":1170,"height":658,"ratio":0.75,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - 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