Over the review period, the countryâ€™s defense expenditure was 0.8% of its GDP, which will increase during the forecast period to reach 0.9% of GDP in 2016. In 2011, capital expenditure was allocated 35% of the overall defense budget, while revenue expenditure was allocated 65%.
However, due to the government plans to modernize the military through the acquisition of the latest weaponry, capital expenditure is expected to increase and average 40% of the total defense budget, with the remainder allocated for revenue expenditure.
During the review period, Indonesia has allocated insufficient funds to defense. In 2005 defense expenditure was allocated 0.82% of the Indonesian GDP. In 2010, this figure declined to 0.79%, as a consequence of financial constraint and governmental focus on welfare areas, such as education. However, over the forecast period, the government has committed to significantly increasing the defense budget, which could rise to 1.01% of GDP allocated for defense in 2016. Defense expenditure is expected to experience an overall annual growth of 13.15%, due to the Indonesian economy recording a CAGR of 8.3% over the forecast period.
â€œThe Indonesian Defense Industry â€“ Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016â€ provides detailed analysis of the current industry size and growth expectations from 2011 to 2016, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
â€¢The report looks at historical performance as well as future industry projections using the in-house model. The report is a mixture of graphs, charts, tables and text in an effort to give the reader the maximum possible information in the most efficient and visually appealing manner.
â€¢The report helps marketing agencies in the industry to promote their business by aligning their capabilities and business practices with their customersâ€™ changing needs, while it also helps suppliers to benchmark their efforts with those of their competitors.
â€¢The report uncovers the business outlook, key challenges and opportunities identified by suppliers and buyers, enabling industry stakeholders to understand the business sentiment prevailing in the industry.
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