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Keywords: Financing
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Journal Articles
Journal:
Asian Journal of Accounting Research
Asian Journal of Accounting Research (2025) 10 (4): 430–455.
Published: 20 October 2025
... faces a growing fiscal gap in defense budgeting, projected to persist through 2045 if revenue growth remains modest. Five state-owned strategic defense companies, Pindad, PAL Indonesia, PTDI, LEN and DAHANA, have the potential to support defense financing, yet currently underperform with none generating...
