Argentina Defence & Security 2019
In a global context, Argentina's domestic defence sector remains small. Nevertheless, regionally it remains a largeproducer of military equipment, with local companies operating servicing a wide range of sectors, capable of producing andupgrading advanced weapons systems. However, years of underinvestment in the sector mean that Argentina's armed forces arepoorly equipped and struggle to maintain existing weapon systems, with much outdated and unserviceable equipment still beingused. While President Macri has vowed to increase defence spending over the longer term, Argentina's weak economicperformance and budgetary cuts mean that defence spending is unlikely to grow in the immediate future. Any acquisitions madewill be of second-hand hardware, as limited budgets hamper spending. A significant majority of spending will continue to be onpersonnel costs. While the country's defence sector is not without prospect, it has, in recent years, suffered from continuedunderinvestment, weakening the sector substantially.
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