Page "Brazilian Armed Forces" Paragraph 108

In July 2009, the minister of defense, Nelson Jobim, said that Brazil will expend about 0. 7 % ( US $ 13 billion ) of the GDP per year to modernize the forces in addition to the 2. 6 % yearly defense budget.

He stated, " We are raising a study to make the financial schedule of the entire project.

It will be a 20 year plan, including modernization and expansion of the elements for defense of the Brazilian territory.