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Procurement: April 22, 2001

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: South Africa has announced a major increase in its defense budget, most of which is going into the account for buying new weapons. The announced budgets are:

Year.........Military Budget...Procurement Account
FY00-01......$1.800 billion....$369 million
FY01-02......$2.046 billion....$546 million
FY02-03......$2.176 billion....$658 million
FY03-04......$2.318 billion....$755 million
--Stephen V Cole

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