Budget Brief: Saudi Arabia Defense Spend Rises, Scope For More Increases
Credit: Fayez Nureldine/AFP/Getty Images
In December Riyadh announced its budget for 2024 which included a 3.9% boost for defense expenditure. The increase will see spending rise from the SAR259 billion budgeted on 2023 to SAR269 billion—an increase of SAR10 billion or around US$2.7 billion. The news of further moderate growth for the...
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