Report attacks defence spending
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The MoD is criticised over spending costs which  soared by Â£1.7bn over the past year, amid growing project delays.
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Squeezed by a swelling public deficit and debt following last month's costly Athens Olympics, the Greek government said it would cut defence spending and boost revenue by 1.5 billion euros (1.84 billion dollars) in privatisation receipts.
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Â· Military spending to hit highest level since WWIIÂ· Plans will leave successor with spending headache
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Â· New demands on troops put pressure on projectsÂ· MoD denies combat training is being cut
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A former army chief has criticised the government for failing to recognise the changes in Iraq and Afghanistan, warning that &quot;inadequate&quot; funding was putting soldiers at risk there.
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The Defense Department's major weapons programs have suffered cost overruns in the billions of dollars, years-long delays and quality shortfalls because of poor acquisition practices by the department, according to a report released yesterday by the Government Accountability Office.
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The US is concerned over China&#39;s military build-up, including deployment of long range ballistic nuclear missiles, via a ballooning and non-transparent budget, an annual Pentagon report said Friday.
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The Department of Transport is failing to meet most of its targets, according to a report by a committee of MPs.
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Global military spending is   expected to hit $1.06 trillion this year, topping the record   set during the Cold War era, an international aid agency   reported on Friday.
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Chinese state media on Sunday blasted a  Pentagon report on Beijing&#39;s defense plans as distorted and  insulting, and said the gap between wealthy countries&#39; military  might and China&#39;s is growing, not shrinking.
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Chinese state media on Sunday blasted a Pentagon report on Beijing's defense plans as distorted and insulting, and said the gap between wealthy countries' military might and China's is growing, not shrinking.
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China hit back at a Pentagon report on its rising military might on Monday, saying it was exaggerated and an interference in Chinese domestic affairs.
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Government criticised by financial watchdog for seriously underestimating cost of 2012 games.
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Science & environment: Some defences remain in poor condition despite 40% increase in funding, MPs' report claims
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Ministers have failed to get to grips with traffic congestion according to a report by the spending watchdog.
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The defense-related work is estimated to be worth $200 billion.
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All the gear, no idea The UK arms industry came in for a shoeing from the parliamentary defence committee yesterday, as MPs criticised continuing cost escalations in several major kit projects for the British forces. The soaring bills were seen as especially worrying in light of the fact that the services are struggling to recruit and retain personnel, a situation not helped by chronic low pay and benefits.â¦