VOL. XXXVI
NO. 46
16-AUGUST-1993
Financial and Banking News
BUDGETS AND REVENUES
Arab Military Expenditure Well Ahead Of World Levels, New StudyShows
Military expenditure accounted for one quarter of all government spending inthe Arab World in 1990 and one tenth of the region's gross national product(GNP), according to a comprehensive new study of Arab military spending. Al-Silah wa al-Khubz ("Arms and Bread"), Military Expenditure in The ArabWorld, 1970-1990 by 'Abd al-Razzaq Faris al-Faris, shows...
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