Netherlands Defense Budget is Expected to Decline to US$10.9 Billion by 2015 - According New Study Available on ASDReports.com
The defense budget as a percentage of GDP is expected to decline from an average of 1.5% during review period to 1.3% in 2015 due to high fiscal debt of the country, along with the financial constraints of the Ministry of Defense (MOD).
Amsterdam, Netherlands, March 30, 2011 --(PR.com)-- The defense expenditure of the Netherlands recorded a CAGR of 5.33% during the review period and stood at US$12.2 billion in 2009. During the forecast period, the high fiscal debt of the country, along with the financial constraints of the Ministry of Defense (MOD), is expected to cause the defense budget to decline at a CARC of -0.63%, from US$11.3 billion in 2010 to US$10.9 billion in 2015. The defense budget is primarily driven by peacekeeping operations, assistance for the internal defense forces of the country, and the modernization of the armed forces. The defense budget as a percentage of GDP is expected to decline from an average of 1.5% during review period to 1.3% in 2015.
Furthermore, the budget allocation for capital expenditure is expected to decline to an average of 26% during the forecast period, against an average of 29% in the review period. The capital expenditure on the army, which had the highest allocation of 36% during the review period, is expected to fall to an average of 25% in the forecast period. Moreover, the air force is expected to receive the largest allocation of an average of 33% of the total capital expenditure during the forecast period.
The budget allocation for the army and navy, which averaged at 17% and 8% respectively in the review period, is expected to fall marginally to reach 16% and 7% respectively. The allocation for peacekeeping operations, which stood at an average of 4% during the review period, is expected to decline to 2% of the defense budget by 2015, due to government plans to withdraw its troops from Afghanistan.
Companies mentioned in this research:
* Fokker technologies
* Damen Schelde Naval Shipbuilding (DSNS)
* TNO Defense
* Thales Nederland
* Fokker Aerostructures
* Imtech Marine and Offshore
* Lockheed martin
* VARIASS
* Neways Electronics
* EADS
Find more information on this study on ASDReports.com
Direct link: http://www.asdreports.com/shopexd.asp?id=13158
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Furthermore, the budget allocation for capital expenditure is expected to decline to an average of 26% during the forecast period, against an average of 29% in the review period. The capital expenditure on the army, which had the highest allocation of 36% during the review period, is expected to fall to an average of 25% in the forecast period. Moreover, the air force is expected to receive the largest allocation of an average of 33% of the total capital expenditure during the forecast period.
The budget allocation for the army and navy, which averaged at 17% and 8% respectively in the review period, is expected to fall marginally to reach 16% and 7% respectively. The allocation for peacekeeping operations, which stood at an average of 4% during the review period, is expected to decline to 2% of the defense budget by 2015, due to government plans to withdraw its troops from Afghanistan.
Companies mentioned in this research:
* Fokker technologies
* Damen Schelde Naval Shipbuilding (DSNS)
* TNO Defense
* Thales Nederland
* Fokker Aerostructures
* Imtech Marine and Offshore
* Lockheed martin
* VARIASS
* Neways Electronics
* EADS
Find more information on this study on ASDReports.com
Direct link: http://www.asdreports.com/shopexd.asp?id=13158
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www.asdreports.com
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