Worldwide Military Spending, 1990-1995

By Jerald A Schiff, Benedict J. Clements, Sanjeev Gupta

June 1, 1996

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Jerald A Schiff, Benedict J. Clements, and Sanjeev Gupta. Worldwide Military Spending, 1990-1995, (USA: International Monetary Fund, 1996) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The decline in military spending that began in the mid-1980s continued through 1995, and this decline was widespread both geographically and by level of development. Cuts in military spending appear to have potentially important implications for nonmilitary spending and fiscal adjustment. In contrast to findings for previous periods, military spending has declined more than proportionately in those countries that have reduced total spending. Countries with Fund programs have reduced military spending more sharply than other developing countries, largely reflecting outcomes in the transition economies. Further, military spending appears to have been less resilient in program countries than other developing countries.

Subject: Defense spending, Expenditure, Fiscal consolidation, Fiscal policy, Government debt management, Public financial management (PFM), Total expenditures

Keywords: Country, Country GDP, Defense spending, Eastern Europe, Extent country, Fiscal consolidation, GDP, Global, Government debt management, Latin American country, Middle East, Military spending, Nonmilitary expenditure level, Nonmilltary spending, Program country, Social spending, Spending, Spending crowd, Total expenditures, Total spending, WP

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1996/064
Stock No:

WPIEA0641996
ISBN:

9781451848519
ISSN:

1018-5941

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