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Brazil: Lula Da Silva increases by 50% the military expenses

Brasilia, Brazil - About 3 billion Euro to be spent for the defense in 2008

Luiz Inácio Lula da Silva, president of Brazil, decided to increase the budget of the military expenses by taking it, in 2008, to around 3,100 million Euro. This money though is not destined to foreign puchases, rather to the increase of the air industry and internal armament. According to this perspective is forecast also the increase in the production of military airplanes, IT control systems and...

AVIONEWS - World Aeronautical Press Agency - 1082606

AVIONEWS - World Aeronautical Press Agency
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