24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...
24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...
24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...
24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...
24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...
24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...
24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...
24 February 2022
by Helmoed-Römer Heitman
South Africa's defence budget in real US dollars. (Janes)
The South African defence budget for 2022/23 has marginally increased from the previous year's adjusted allocation of ZAR48.79 billion (USD3.3 billion) to ZAR49.09 billion, according to figures released by the treasury on 23 February.
The Medium Term Expenditure Framework plan will decrease to ZAR47.96 billion in 2023/24 and then a slight increase to ZAR49.27 in the following year. This means defence is expected to drop from 0.8% of GDP in 2021/2022 to 0.68% in 2024/2025.
While the National Treasury intends to phase out the Special Defence Account, which is used to fund long-term acquisition projects, it has been increased from about ZAR1 billion to ZAR1.95 billion in the current year and then ZAR1.89 billion and ZAR1.97 billion in the following two years. Those funds are primarily allocated to the navy's current ship-building programmes and Defence Intelligence projects.
The South African defence budget for 2022/23 has marginally increased from the previous year's adjus...