Budgetary uncertainty threatens Argentinian modernisation plans
Argentina lost its supersonic capacity in 2015 after retiring its fleet of Mirage jets. (Photo: Argentinian MoD)
The new Argentinian administration has been frustrating the armed forces’ plans to improve its inventory, as a number of measures taken under President Javier Milei’s leadership have impacted current and future procurement, as well as upgrade programmes.
Earlier this month, the Argentinian government announced the Administrative Decision 5/2024 which reduced the defence budget requested for the current fiscal year. The $2.9 billion funding proposed by the previous administration was lowered to $2.2 billion, with a total fall of approximately $757 million in funding.
Additionally, the document stated that the resources of the National Defence Fund (FONDEF in Spanish) can now be used to cover any
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