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...