Macroeconomic Monitor
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military spending

Guns vs. Oil: Balancing Defense and Healthcare Spending Since 1945

In the area of public finances, the classic "guns versus oil" dilemma - choosing between military might and social welfare - has long been at the heart of budget debates. Over the past 80 years, governments around the world have allocated trillions to both defense and health, but not always to the same extent. In …

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The Bulgarian Army: Heroic feats intertwined with financial and other abuses

the Bulgarian army

The Bulgarian Army was formed as one of the important national institutions after the Liberation. It was supported by Bulgarian taxpayers and was entrusted with the task of protecting the national state in the powder keg called the Balkan Peninsula. Some of the truest heroes, before whom we rightly bow our heads, served in the Bulgarian Army. Part …

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