ANALYSIS: 'Great Power' friction to inflate 2020 military budgets @flightglobal UTC Total defence spending is estimated to grow 3-4% next year to $1.9 trillion worldwide, with funds primarily spent on modernising and replacing aging military equipment, according to a report released in recent days by consultancy Deloitte. Other so-called "Great Power" nations, such as China and Russia, as well as regional powers such as India, will likely continue spending increases in the coming years, which will help push up total spending. Prev Next Comments

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