Author Topic: Bundeswehr bounceback: Germany turns around defence spending  (Read 1903 times)

adroth

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Bundeswehr bounceback: Germany turns around defence spending
« on: October 29, 2019, 12:22:54 AM »
Bundeswehr bounceback: Germany turns around defence spending

https://www.janes.com/images/assets/080/92080/Bundeswehr_bounceback_Germany_turns_around_defence_spending.pdf

Germany is reversing its military spending decline by moving its defence budget towards the NATO target and authorising procurement
programmes en masse. Nicholas Fiorenza reports Germany’s new defence minister, Annegret Kramp-Karrenbauer, recently reiterated the
country’s goal to spend 1.5% of gross domestic product (GDP) on defence by 2024, putting the country on the way to reaching NATO’s 2% spending target. Even if Germany fails to achieve this, more money is going into the Bundeswehr, which is receiving more modern
equipment after decades of neglect.

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Under a prospective NATO plan Germany’s 14.8% contribution to the alliance’s common military and civil budgets would be raised to 16% while the US contribution is reduced from 22% to 16%, with other allies making up the difference. This is according to a KrampKarrenbauer statement on 11 October, as reported by Reuters. NATO has a civil budget of EUR250.5 million (USD276.3 million) and a military budget of EUR1.395 billion for 2019.

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