Arabian Legend
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Saudi Arabia announces 20% defence budget increase
According to data released by the Saudi Arabian Monetary Agency (SAMA) on 12 June, spending on defence and security will increase to 35.4% of total national spending; the highest level since 2001.
Saudi Arabia announces 20% defence budget increase - IHS Jane's 360
- Saudi Arabia has announced a defence budget of SAR302.9 million: a 20.5% increase over the previous year
- It is the highest annual defence and security increase since 2007, and represents the largest share of total national spending since 2001
According to data released by the Saudi Arabian Monetary Agency (SAMA) on 12 June, spending on defence and security will increase to 35.4% of total national spending; the highest level since 2001.
Saudi Arabia announces 20% defence budget increase - IHS Jane's 360
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