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Europe Live Saturday 18th May 2013

When military spending in Asia exceeds that of Europe

12th March 2012

Asia's military spending is due to rise above that of Europe for the first time this year according to the annual report by the International Institute for Strategic Studies (IISS) on the balance of power in the world "Military Balance in 2012". "Whilst spending levels per capita in Asia are significantly less than in Europe in 2012, at the present pace military spending in Asia will probably be more than in Europe in 2012 according to estimates." According to the report by the IISS, China, that has started a modernisation programme of its armed forces and military equipment funded by its strong growth rate leads the way in Asia as far as military spending is concerned.

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