VOL. XLVI
No 45
10-November-2003
BUDGETS AND REVENUES
MENA Defense Spending Declined 4.3% In 2002 Despite Impending War In Iraq
The total defense spending of the MENA region declined by 4.3% in 2002 to just under $58bn from $60.5bn in 2001, according to the latest edition of The Military Balance2003-04, a survey of world military capabilities by the International Institute for Strategic Studies (IISS) in London. The fall in spending came despite considerable regional tensions focused on the...
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