Improving South American military expenditure data

SIPRI’s Military Expenditure Database currently covers 11 South American countries and contains data going back to 1960. everal key sources of military expenditure are not covered in the data, which leads to an underestimation of military spending. Off-budget expenditure is used to fund a large proportion of the arms purchases not captured in the current military expenditure data on South American countries. This topical backgrounder begins to address this issue, using Venezuela as the initial country case for improvement.

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