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Germany is budgeting for a debt repayment of 9 billion euros per year from 2028 and of 10.8 billion euros per year from 2031. ... preparing the budget for 2025 and the financial plan up to 2028 ...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
Budget infighting within Germany's governing coalition is jeopardising its plan to meet defence commitments to Western allies even as tensions with Russia rise and a NATO-sceptic Donald Trump bids ...
BERLIN (Reuters) -Germany has met a NATO alliance target to spend 2% of its gross domestic product on defence for the first time since the early 1990s, a defence ministry spokesperson said on ...
BERLIN (Reuters) -The German cabinet plans to approve its draft for the 2025 budget on Wednesday, but there is still a gap of 17 billion euros ($18.55 billion) which needs to be filled, finance ...
The share of total expenditure, the average defence spending was 2.5 % in 2021 in the EU and 2.4% in the euro area. As a share of GDP the average was 1.3% in the EU and in the euro area. [1] Total defence expenditure of the European Defence Agency (EDA) Member States was €279 billion in 2023, which was 1.6% of the 27 EDA Member States’ GDP. [2]
The initiative was originally proposed by the Chancellor of Germany Olaf Scholz in August 2022. [4] The proposal was made during the 2022–2023 Russian strikes against Ukrainian infrastructure and amid increased concerns about the limited European capability to defend against such threats as the Russian 9K720 Iskander ballistic missile systems deployed in Kaliningrad.
BERLIN (Reuters) -Chancellor Olaf Scholz said on Sunday Germany would sharply increase its spending on defence to more than 2% of its economic output in one of a series of policy shifts prompted ...