- Joined
- Jan 25, 2010
- Messages
- 30,780
- Reaction score
- 15,085
- Gender
- Undisclosed
- Political Leaning
- Undisclosed
Germany Plans to Cut Military Spending in 2020-2023 in Affront to US - Report
Surprised not to have seen anything posted about this before
Germany’s defence budget has been an apple of discord in relations between Berlin and Washington as the US president has repeatedly criticised its ally across the Atlantic for missing the NATO target of spending 2% of GDP on the armed forces.
The German armed forces, the Bundeswehr, will lose 33 billion euros from 2020 to 2023, German outlet Welt am Sonntag reports, citing the country’s Ministry of Defense's confidential "Financial Needs Analysis 2020".
The German government has recently passed a budget bill for the next year, which also includes financial planning until 2023. According to it, the German military will receive 44.9 billion euros in 2020, but the military spending is expected to drop from 44.1 to 43.9 billion euros starting in 2021. Thus, the share of the military spending in the gross domestic product (GDP) will fall from 1.37 percent in 2020 to 1.24 percent in 2023 and moves even further from the NATO target of 2 percent.
Surprised not to have seen anything posted about this before