Saudi Arabia is one of the largest military spenders across the globe at a time when worldwide military spending has continued to stabilize. Based on recent statistics, the Kingdom of Saudi Arabia spends a quarter of its national budget (25%) on its military. The high military expenditure in the Kingdom of Saudi Arabia has become a major issue of concern given that it’s twice as much as expenditures on health and social development. The increased spending on military is attributable to Saudi Arabia’s recent engagement in a war in Yemen and joining forces with Turkey against President Bashar Assad of Syria (Moshinsky & Martin, 2016). Additionally, the huge expenditures on the military are geared towards enhancing artillery and capacities of the kingdom’s forces. While enhancing military capacity and artillery is not a bad thing, the huge military expenditures raises huge concerns since they are carried out at the expense of other important aspects of governance such as health and social development. Reducing military spending in Saudi Arabia requires lessening arms imports through restructuring its military contracts while promoting the growth of the local artillery industry.
Saudi Arabia’s Military Spending
As previously mentioned, Saudi Arabia is currently one of the largest military spenders worldwide through global spending on the military has continued to plateau in the past few years. The Kingdom of Saudi Arabia recently increased its spending on the military by 6.7% on the national budget i.e. $50.8 billion. According to Moshinsky & Martin (2016), it is estimated that Saudi Arabia currently spends 25% of its national budget on the military, which is twice as much as what is spent on health and social development. The huge expenditure on the military is estimated to be 13% of Saudi Arabia’s gross domestic product (GDP).
Saudi Arabia’s increased expenditure on its military can be traced back to 2002 when military spending started to account for a significant portion of its national budget. Since 2002, the Kingdom of Saudi Arabia has increased its military spending annually though its military expenditure in 2016 represented a 30% decrease from the previous year (Tian et al, 2017). The increased military spending by Saudi Arabia since 2002 is attributable to various factors including the high military burden in the Middle East. The Middle East has been characterized by increased security concerns in the past few decades. The increase in these security concerns has contributed to high military burden in the region, which has in turn fueled increased military expenditure by...
References
Even, S. & Guzansky, Y. (2016, May 6). Saudi Arabia’s Vision 2030: Reducing the Dependency on Oil. Retrieved October 23, 2017, from http://www.inss.org.il/publication/saudi-arabias-vision-2030-reducing-the-dependency-on-oil/
Moshinsky, B. & Martin, W. (2016, February 19). Saudi Arabia Spends £56 Billion a Year on its Insane Military – Here’s What that Kind of Money Buys. Business Insider. Retrieved October 23, 2017, from http://uk.businessinsider.com/saudi-arabia-spends-80-billion-on-its-military-2016-2?IR=T
Norton-Taylor, R. (2016, February 22). Saudi Arabia Leads Surge in Arms Imports by Middle East States. The Guardian. Retrieved October 23, 2017, from https://www.theguardian.com/world/2016/feb/22/saudi-arabia-surge-arms-imports-middle-east
Reuters. (2016, December 22). Saudi Arabia to Raise Military Spending 6 pct – Budget. Reuters. Retrieved October 23, 2017, from https://www.reuters.com/article/saudi-economy-budget-military/saudi-arabia-to-raise-military-spending-6-pct-budget-idUSL5N1EH3CU
Tian et al. (2017, April). Trends in World Military Expenditure, 2016. Retrieved October 23, 2017, from https://www.sipri.org/sites/default/files/Trends-world-military-expenditure-2016.pdf
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