Shopping Cart  |  Intelligence Center


HOME PRODUCTS & SERVICES MEDIA CENTER CONSULTING SERVICES FREE TRIALS & DEMOS LOG IN CONTACT US

AEROSPACE & DEFENSE ELECTRONICS
AIRLINES, COMMERCIAL AVIATION & MAINTENANCE
AVIATION ENGINES, PROPULSION & AUXILIARY POWER UNITS
INDUSTRIAL & MARINE GAS TURBINES
INTERNATIONAL MILITARY MARKETS & BUDGETS - EURASIA, ASIA, AUSTRALIA & PACIFIC RIM
INTERNATIONAL MILITARY MARKETS & BUDGETS - EUROPE, MIDDLE EAST & AFRICA
INTERNATIONAL MILITARY MARKETS & BUDGETS - NORTH & SOUTH AMERICA
MILITARY AIRCRAFT
MILITARY VEHICLES, ORDNANCE, MUNITIONS, AMMUNITION & SMALL ARMS
MISSILES & MISSILE SYSTEMS
NAVAL SHIPS AND OPERATING SYSTEMS
NON-US AEROSPACE/DEFENSE COMPANIES & CONTRACTS
REGIONAL, BUSINESS & GENERAL AVIATION
ROTORCRAFT
SPACECRAFT, LAUNCH VEHICLES & SATELLITES
US AEROSPACE/DEFENSE COMPANIES & CONTRACTS
Drones and Unmanned Systems - Air, Sea, Land, Micro & Robot Systems
UTILITIES, ROTATING MACHINERY & POWER GENERATION

International Military Markets & Budgets - North & South America
 
CHILEAN DEFENSE BUDGET INCREASES TO $2.8 BILLION FOR FY15
Friday, October 31, 2014

Source: Chilean MoD

SANTIAGO, Chile - According to the draft budget for 2015, the Chilean armed forces will receive $2.756 billion next year. The draft 2015 Budget Law is currently pending Congressional approval. The proposed budget for FY15 represents an increase of 2.2 percent over the FY14 budget.

Of the total amount to be allocated to the armed forces, 65.3 percent ($1.801 billion) will be destined for personnel costs, 25 percent for the purchase of consumer goods and services ($689 million), and less than one percent for social security benefits ($2.6 million).

The budget does not include weapons or equipment procurements as they are still funded under the Copper Law. Under Law13.196 (the Copper Law), 10 percent the state-run copper mining company's earnings are earmarked for military equipment purchases. The government is working to remove this funding mechanism, but for not, it remains tact.

Regarding the agencies within the Chilean MoD, the Secretary of Defense will be allocated $6.5 million, the Undersecretariat for the Armed Forces will receive $20.7 million, and the Joint Staff will have a budget of $44.9 million.

Part of the Joint Staff's budget will be used to fund peace missions ($32.1 million) to deploy 479 troops to Haiti, Bosnia, Cyprus, Indo-Pakistani, Middle East Brazil and Argentina. The Joint Staff's portion of the budget will also fund demining efforts ($5.3 million).

Source:  Info Defensa
Associated URL: www.infodefensa.com
Source Date: October 31, 2014
Source Language: Spanish
Author: R Barrett Edwards, Latin America Analyst 
Posted: 10/31/2014

 

NOTICE TO USERS

Warranty: Forecast International makes no guarantees as to the veracity or accuracy of the information provided. It warrants only that the information, which has been obtained from multiple sources, has been researched and screened to the best of the ability of our staff within the limited time constraints. Forecast International encourages all clients to use multiple sources of information and to conduct their own research on source data prior to making important decisions. All URLs listed were active as of the time the information was recorded. Some hyperlinks may have become inactive since the time of publication.

Technical Support: Phone (203)426-0800 e-mail support@forecast1.com

Subscription Information: Phone (203)426-0800 or (800)451-4975; FAX (203)426-0223 (USA) or e-mail sales@forecast1.com

Aerospace/Defense News Highlights is published by Forecast International, 22 Commerce Road, Newtown CT 06470 USA. Articles that list Forecast International as the source are Copyrighted © 2014. Reproduction in any form, or transmission by electronic or other means, is prohibited without prior approval from the publisher.

Forecast International invites all interested companies to submit their announcements and press releases for review and inclusion in our Intelligence Letters.

Contact: Ray Peterson, Director of Research
E-Mail: Ray.Peterson@forecast1.com
Phone: 800-451-4975
FAX: 203-270-8919



HOME PRODUCTS & SERVICES MEDIA CENTER FREE TRIALS & DEMOS CONTACT US PRIVACY STATEMENT TERMS AND CONDITIONS

Forecast International © 2014 22 Commerce Rd Newtown, CT 06470 USA Phone: 203.426.0800 Toll-Free: 800.451.4975 (USA & Canada) Fax: 203.426.0223 info@forecast1.com