Saudi Arabia Plans 8% Defense Spending Cut

Saudi Hawk
Credit: BAE Systems/Chris Ryding
Saudi Arabia has announced plans to reduce defense spending by 8% in 2020 to improve fiscal sustainability in the Kingdom. The government’s fiscal 2020 budget statement, released by the finance ministry earlier this month, says that military spending will fall from $52.8 billion (SAR198 billion) in...
Craig Caffrey

Craig works as a senior analyst on Aviation Week Network’s military and commercial forecast databases, specializing in military aircraft markets and…

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