November 15, 2024

Taylor Daily Press

Complete News World

Moroccan military spending is declining, and Algerian spending is accelerating

Moroccan military spending is declining, and Algerian spending is accelerating

According to this report, Moroccan military spending decreased by 2.5% to $5.2 billion in 2023. This represents 3.64% of GDP. On the other hand, Algeria saw its military spending increase by 76% to $18.3 billion. This is the highest level ever for Algeria and the strongest annual increase since 1974. This increase is explained by “the strong increase in gas export revenues to European countries.”

Read also: Moroccan F-16 aircraft modernized by Lockheed Martin

The report stated that “Algeria and Morocco represent by far the largest spenders in the (North Africa) subregion.” “Together they account for 82% of North Africa’s military spending in 2023.”

On the African continent, military spending rose by 22% to reach $51.6 billion in 2023. North African countries spent $28.5 billion on their armies last year, an increase of 38% from 2022. Sub-Saharan African countries spent $23.1 billion on weapons in in 2023, 8.9% more than in 2022, but 22% less than in 2014. This is due to a 20% increase in Nigeria’s spending – the largest military spending in the sub-region – and significant increases in spending in many other countries , including Congo and South Sudan.

Read also: A US Army officer warns of war between Morocco and Algeria

The United States, China, Russia, India, and Saudi Arabia remain the world's largest military spenders. Together, these countries accounted for 61% of global military spending in 2023, reaching $2.4 trillion in 2023, the strongest increase in a decade, fueled by ongoing conflicts. “This reflects the deteriorating situation of peace and security in the world,” said Nan Tian, ​​a researcher at the Stockholm International Peace Research Institute. “There is no region where the situation is improving.”

See also  Tesla board member defends $50 billion bounty for Elon Musk | Abroad