Budget post Covid

[racedo]

Originally Posted by bigsmelly

Soo... isn't everyone's defense budget gonna be hit by COVID?

China won't sell as much to the west.
Russia is heavily dependent upon the oil price.

Playing devils advocate - perhaps there will be less sabre rattling, and hence a safer world...

Russia has spent the last 6 years buying gold and reducing debts. Its reserves in US$ are greater than its external Debt and has a nice few pipleines already constructed that are pumping gas and oil.

Add in 100 billion £ in Gold reserves and you will see why it is not as worried as others.

Obama's sanctions forced them to become self sufficient, in 2019 it exported more Wheat than the US............ a situation unthinkable 20 yrs ago.

[Asturias56]

Times today has a quote from various eminent folk saying the UK Defence budget will be hammered - more spending on health care, more spending on business relief until October, big hole in national finances, no plans to increase tax dramatically in case it stalls the come-back

"Something has to give" & " Several capabilities will have to go""