US PRESIDENT GEORGE W BUSH HAS ANNOUNCED PLANS FOR A $48BN INCREASE IN...

World | January 24, 2002, Thursday // 00:00

US President George W Bush has announced plans for a $48bn increase in defence spending to fight the war on terror. The increase - of nearly 15% - will be the largest rise in US military spending in 20 years, he said in a speech to military reserve officers. It will include salary increases for military personnel as well as money to buy the latest precision weapons, missile defences, unmanned vehicles and hi-tech equipment for ground troops.

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