3.3 C
New York
Sunday, November 28, 2021
HomeWorld NewsRecord NATO defense spending by Germany

Record NATO defense spending by Germany

NATO:

Germany has again reported record defense spending to NATO. According to information from the German Press Agency, the federal government transferred an amount of 53.03 billion euros to the Brussels alliance headquarters for the current year. This corresponds to an increase of 3.2 percent compared to the previous year. For 2020, the expenditure was last put at around 51.39 billion euros.

At NATO headquarters it is hoped that the increase in defense spending by countries like Germany can further diffuse the transatlantic dispute over fairer burden-sharing in the alliance. Secretary-General Jens Stoltenberg recently made it clear several times that he expected pressure from the new US president Joe Biden on this issue.

Against this background, the Ministry of Defense and the Bundeswehr are currently fighting again to do as well as possible in the federal financial planning for the next year. According to a report from the current “Spiegel”, the internal “Financial Requirements Analysis 2022” again paints the picture of chronically underfunded armed forces. According to the report, “numerous armaments projects required to meet NATO planning goals” could not be implemented or initiated with the current financial planning, or could no longer be implemented on time.

See also  George and Amal Clooney 'Thrilled to Be Back' on Lake Como with Twins Ella and Alexander, 4!
Mishalhttps://etrendsnews.com/
Hi, I'm Mishal we will provide authentic information regarding tech, health, sports, politics, travel, and other news related information.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

See also  Marvel Teams Up With Yoobi For New Back-To-School Essentials Collection!