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Egyptian Armed Forces

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Egypt-Jordan joint military exercises "EL-Aqaba 2016"

 
The Egyptian Armed Forces are buying too many weapons. They bought LHD and Frigate from France. They are buying Dassault Rafale from France. They are going to buy MIG-35 from Russia. I don't even count MRAP and Tank purchases.

The question is can these Military Spending create economic problems in the future?
 
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The Egyptian Armed Forces are buying too many weapons. They bought LHD and Frigate from France. They are buying Dassault Rafale from France. They are going to buy MIG-35 from Russia. I don't even count MRAP and Tank purchases.

The question is can these Military Spending create economic problems in the future?

Yes
 
The Egyptian Armed Forces are buying too many weapons. They bought LHD and Frigate from France. They are buying Dassault Rafale from France. They are going to buy MIG-35 from Russia. I don't even count MRAP and Tank purchases.

The question is can these Military Spending create economic problems in the future?
No. they won't..Egypt has 2 huge Gas reserves not far from its shores, just got 12 billion$ IMF loan to deal with its urgent economic problems,, The military budget of Egypt is completely outside its civilian budget..further more, Egypt was getting weapons from the US through military aid for the last 30 years, which means that Egypt had saved over 30 billion$ on its defense procurements..and what we have seen till now in new procurements doesn't exceed 10 billion$, they might be more procurements in the near future, like adding 12 more Rafale fighters and other platforms, not exceeding another 5 billion$..which will let us conclude that Egypt might have diverted some 15 billion $ from its savings from the military budget to the civilian budget hence stimulating the Economy.. the results will obviously take some time (short to medium term) to be seen and felt, there are many mega projects going on in Egypt right now worth more than 100 billion $,
All this is without tapping into the huge Gas reserves yet..
 
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