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With Brazil Leading Way, South America Spends Record US$ 50 Bi with Military

A Brazilian soldier Thanks mostly to Brazil and Paraguay, military expenditure in the twelve countries that comprise South America, according to 2008 budgets, has reached a record US$ 50 billion, which is 2.5% higher than in 2007.

A private report released this Wednesday, June 18, in Argentina titled Military Balance in South America, elaborated by the New Majority Studies from Buenos Aires reflect the increase in military spending which is considered relevant in the context of the Brazilian proposal for the creation of a Regional Defense Council.

"All countries have increased their defense budgets, with Paraguay leading (up 33.48%), a tendency followed by Brazil with a hike of 32.48%," said the report.

The four full members of Mercosur (Argentina, Brazil, Uruguay and Paraguay) average 30% increase on an annual base with an overall expenditure of US$ 30.9 billion.

Military expenditure from the Andean Community of Nations (Bolivia, Colombia, Ecuador and Peru) has reached US$ 9.4 billion, while Chile figures with US$ 4.9 billion and Venezuela, US$ 3.3 billion.

"However in spite of the significant increase in military budgets, South America is still the region, together with the rest of Latinamerica, which less resources invested and has a lower percentage of GDP dedicated to defense," points out the report.

Overall military expenditure in the 12 countries considered represents 4% of total world military expenditure and 9% of the US defense budget.

The region on average spends 1.7% of GDP in military expenditure.

The two countries with the largest military outlays are Colombia and Chile equivalent to over 3% of GDP compared to Argentina and Venezuela with 1% on average, the two countries which nevertheless have most increased military investments in the last five years, points out Nueva MayorΓ­Β­a.

Mercopress

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  • Show Comments (8)

  • Shelly

    [b][quote]Brazil has the largest urban criminal military daily subverting the Brazilian government and Brazilian law. It is time for the military of Brazil to do something about it before they cannot. The enemy of Brazil has already breached the walls and is in the heart of the cities[/quote][/b]

    The criminals have better equipment than the military…come on now, with “lata velha” what do you and others here expect the military will do?

  • aes

    A fool and his money are soon parted.

    Brazil now has the money, but Chavez would part with it.

    Brazil has the largest urban criminal military daily subverting the Brazilian government and Brazilian law. It is time for the military of Brazil to do something about it before they cannot. The enemy of Brazil has already breached the walls and is in the heart of the cities.

  • mvc

    who those like to know about military….http://www.defesanet.com.br/

  • forrest allen brown

    JAOA
    16 HRS
    DEPENDING ON WHAT PART OB BRASIL YOU ARE IN

    I AM A DAY AHEAD OF YOU ALSO

  • ch.c.

    Whoaaaaaaa…..what a great news…full of lies !
    1 ) Who has ever seen the Brazilian Defense Budget…for 2008 ?
    – Budget 42 billion Brl
    – pensions paid 19 billion or 45 % of the total budget
    – administration costs 12 billion or 28 %

    Whoaaaaaaa
    You have it all here :
    http://www2.camara.gov.br/internet/orcamentobrasil/orcamentouniao/loa/loa2008/proposta/Volume4/52_min_defesa.pdf

    Who as ever seen the state of the Brazilian Military equipments in the differents armies, state of maintenance, etc etc ?
    You have it all here IN DETAILS :
    http://en.wikipedia.org/wiki/Military_of_Brazil#cite_note-11

    Whoaaaaaaaa…..nothing to be proud of !
    In my view…Ecuador could invade Brazil…in less than ONE week !!!!!!!!

    πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰ πŸ˜€ πŸ˜‰

  • João da Silva

    Forrest
    [quote]no if altantis comes up from the depths of the ocean he will

    be able to kick there ass[/quote]

    That was a good one!

    What is the time difference between Truck Lagoon and the standard time of BrasΓ€Ζ’Β­lia?

  • me thinks chaves is not forth coming????
    What we have here is a failure to communicate…

    You shouldn’t suck your thumb after it has been up your a$$ – wash it first with Toilet Duck.

    Costinha

  • forrest allen brown

    me thinks chaves is not forth coming
    he has spent twice that much in the past 3 years !!!

    to protect himself from the evil empire to the north .

    no if altantis comes up from the depths of the ocean he will

    be able to kick there ass

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