Mark Collins – The Saudis’ Whopping Defence Spending

One does wonder though how capable their forces really are–and how long can they continue to spend like (non-) drunken sailors?

Saudi Arabia passes Russia as world’s third biggest military spender

Global military spending reached almost $1.7 trillion in 2015, marking a year-on-year increase for the first time since 2011, according to the Stockholm International Peace Research Institute, which tracks arms expenditure around the world…

sipri.jpg

Part of this splurge can be attributed to Saudi Arabia’s entanglement in a costly war in Yemen, which has raged for more than a year now. Since 2006, Saudi annual military spending has nearly doubled. That figure is roughly the same, too, for Russia.

But, as SIPRI’s report notes, the drop in oil prices worldwide has otherwise had huge effects on arms sales in general.

“Saudi Arabia overtook Russia to become the third-largest spender, mainly due to the fall in the value of the rouble,” it noted

Earlier:

Who’s Selling and Buying Arms?

Mark Collins, a prolific Ottawa blogger, is a Fellow at the Canadian Global Affairs Institute; he tweets @Mark3Ds

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