Saudi Defense Budget To Drop 10.2% in 2022

Credit: Fayez Nureldine/AFP/Getty Images
Saudi Arabia has announced a 10.2% cut to defense spending within its 2022 budget, the fifth consecutive year in which its military expenditure has been reduced. Funding for the military will decline from SAR190 billion ($57 billion) in 2021 to SAR171 billion, the largest year-on-year reduction...

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