New Market Study Published: Slovenia Defence & Security Report 2013
Following a year-on-year (y-o-y) increase of 8.82% in 2011, Slovenia's defence expenditure declined by 5.89% to US$756.56mn in 2012 as the country's government continued to rein in spending to appease its economic recession. However, BMI expects Slovenia's defence budget should rise marginally to US$757.78mn in 2013 and grow steadily from there to US$1.19bn by the end of our forecast period in 2021. The country joined NATO in 2004 and was given until 2014 to have its defence spending account for...
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