Are We Really Lacking the Effectiveness of Financial Resource Management in the Defence Sector?

doi: 10.32565/aarms.2020.1.1

Abstract

Recently, the increase of spending in the sector of defence has opened up larger and larger spaces for the development / modernisation potential of individual countries. However, in this “resource overflow”, the effectiveness of the use of financial resources for defence is undermined. This study takes a look at the dangers of the ever-decreasing defence budget share (dangers well known in economics and well known in the field of defence sphere in the recent past) and the “free-rider effect” observed in different members states of the NATO (related to e.g. NATO Article 5) and reviews the effectiveness of financial resource management.

Keywords:

defence spending financial resource management threats-security cost-effectiveness efficiency testing

How to Cite

Bencsik, G. (2020) “Are We Really Lacking the Effectiveness of Financial Resource Management in the Defence Sector?”, AARMS – Academic and Applied Research in Military and Public Management Science. Budapest, 19(1), pp. 5–15. doi: 10.32565/aarms.2020.1.1.