50% increase in expenditure on military in S Asia

Last Updated: Wednesday, January 11, 2012 - 09:47

Washington: In 10 years from 1995 to 2005,
the military expenditure in South Asia increased by 50 per
cent, and one in every 10 military personnel in the world are
in this part of the globe, a US report has said.

"From 1995 to 2005, the military expenditures of the
states of South Asia appear to have risen about 50 per cent in
absolute terms and about 23 per cent per capita terms," said
the report "World Military Expenditure and Arms Transfers
2005: Highlights and Trends", released by the US State
Department.

"South Asia`s share of world military spending appears to
have risen from about 1.8 per cent in 1995 to about 2.1 per
cent in 2005. During the decade, the share of the sum of South
Asia`s GDPs to which its military expenditures were equivalent
appears to have fallen from 2.7 per cent in 1995 to 2.4 per
cent in 2005," the report said.

During 1995 through 2005, South Asia`s arms exports appear
to have been negligible, while the annual value of its arms
imports appears to have ranged from about USD 1 billion to
about USD 4 billion, trending upward, it said.

The region`s share of world arms imports appears to have
been about three per cent, trending upward and exceeding four
per cent in 2004-05, the report said.

"South Asia`s arms imports appear to have been equivalent
to about 1.6 per cent of its recorded imports of all goods and
services, and its arms trade deficit appears to have been
about USD 26 billion, equivalent to about five per cent of its
recorded trade deficit in all goods and services," it said.

Globally the report said, in constant-2005-dollar
real-exchange-rate terms, world military expenditures appear
to have risen about 30 per cent from 1995 to 2005, reaching
nearly USD 1.2 trillion in 2005.

The increase accelerated during the second half of the
decade, from less than six percent between 1995 and 2000 to
almost 24 percent between 2000 and 2005.

"This acceleration appears due chiefly to rising military
expenditures by the United States after the September 2001
attacks on New York and Washington, including expenditures for
military operations in Afghanistan and Iraq," it said.

PTI



First Published: Wednesday, January 11, 2012 - 09:47

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