SMARTER DEFENSE AND INTELLIGENCE - Maintaining war-fighting capabilities in an era of reduced budgets
SMARTER DEFENSE AND INTELLIGENCE - Maintaining war-fighting capabilities in an era of reduced budgets

Summary/Abstract: The global economic malaise over the past several years, lack of confidence for sustained growth and ballooning government deficits are driving reductions in government budgets and, therefore, defense budgets, for the foreseeable future. Even countries with strong economies that are expected to weather the economic turbulence have set budgets that are at best flat, while most countries are planning reductions in defense expenditures over the nest five years.

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