Slovenia Defence and Security Report 2016 - Business Monitor International - Industry Reports

Slovenia Defence and Security Report 2016

Slovenia Defence and Security Report 2016 - Business Monitor International - Industry Reports
Slovenia Defence and Security Report 2016
Published Nov 14, 2015
38 pages — Published Nov 14, 2015
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Abstract:

BMI View: As a result of Slovenia s limited external and internal security threats, as well as its weak economy, the country s defence sector is small on a regional comparison. Although Prime Minister Miro Cerar has announced that his government is committed to raising military spending - and despite an improvement in economic conditions from ---- onwards - we do not expect the defence budget to grow significantly over our forecast period to ----, as the country will remain relatively secure, and with Ljubljana continuing to direct the majority of funding towards socio-economic development. ...BMI View: As a result of Slovenia s limited external and internal security threats, as well as its weak economy, the country s defence sector is small on a regional comparison. Although Prime Minister Miro Cerar has announced that his government is committed to raising military spending - and despite an improvement in economic conditions from ---- onwards - we do not expect the defence budget to grow significantly over our forecast period to ----, as the country will remain relatively secure, and with Ljubljana continuing to direct the majority of funding towards socio-economic development. Meanwhile, the Slovenian defence sector will remain focused on production of parts and components rather than complete products, as local manufacturers lack advanced technological capabilities and investment into defence R&D is limited. ...Prime Minister Miro Cerar has previously stated that his government is committed to raising the Slovenian military budget; however, we do not expect any large spending increases over our forecast period to ----, as Ljubljana continues to focus its budget on socio-economic development. Moreover, out of the defence budget s already small share of overall spending, the vast majority will be directed towards personnel and maintenance expenses, rather than new procurement and

...In October ----, Slovenian President Borut Pahor insisted that the country would make no further cuts to military expenditure going forward. Similarly, the country s Prime Minister Miro Cerar assured NATO that his government would work to increase the Slovenian defence budget to meet the bloc s targeted - of GDP. ...Similarly, the country s Prime Minister Miro Cerar assured NATO that his government would work to increase the Slovenian defence budget to meet the bloc s targeted - of GDP. That said, we believe military spending growth to remain minimal for some time to come as the country faces a range of socio-economic issues of greater concern to the wider public, and limited security threats. In our view, the small increase in the defence budget forecast over the next few years will primarily cover maintenance of ageing equipment and personnel expenses, rather than new procurement and sector R&D. ...In ----, we forecast Slovenian defence spending to come in at EUR---mn (USD---mn), rising slightly to EUR---mn (USD---mn) in ---- - or -.- of GDP.

...In October ----, Hungary closed its borders to incoming refugees, primarily from North Africa and Syria. This prompted the mass movement of refugees towards Slovenia s borders instead, where the armed forces have now been deployed to help manage the situation. ...

  
Source:
Document ID
1749-1649
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Slovenia Defence and Security Report 2016" Nov 14, 2015. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovenia-Defence-and-Security-Report-2016-2026-659>
  
APA:
Business Monitor International - Industry Reports. (2015). Slovenia Defence and Security Report 2016 Nov 14, 2015. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Slovenia-Defence-and-Security-Report-2016-2026-659>
  
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