To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

Open menu Search

Budgetary uncertainty threatens Argentinian modernisation plans

29th January 2024 - 13:56 GMT | by Flavia Camargos Pereira in Kansas City


Argentina lost its supersonic capacity in 2015 after retiring its fleet of Mirage jets. (Photo: Argentinian MoD)

The new Argentina government has reduced the defence budget request for 2024 and enabled the use of FONDEF for expenses not related to equipment improvement.

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

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 2 free stories per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Flavia Camargos Pereira


Flavia Camargos Pereira

Flavia Camargos Pereira is a North America editor at Shephard Media. She joined the company …

Read full bio

Share to