VOL. XLIV

No 46

12-November-2001

BUDGETS AND REVENUES

IISS Says MENA MilitarySpending In 2000 Falls By 2.8%

Despite improved economic conditionsduring the year 2000 (notably due to higher oil revenues in oil-producingcountries), Middle East and North Africa (MENA) actual defense spending fell by2.8% to $58.3bn from the 1999 total of $60bn according to The MilitaryBalance 2001-2002 published by the International Institute for StrategicStudies (IISS). While many analysts expected higher revenues to...