Britain plans to increase its  defense spending to 2.5% of GDP, and Germany is unhappy with its military spending.

Wednesday, July 10, 2024
Britain plans to increase its  defense spending to 2.5% of GDP, and Germany is unhappy with its military spending.

The new Prime Minister of the UK, Keir Starmer, has promised to increase the country’s defense spending to 2.5% of its economic output. He noted that this would become possible as soon as “resources allow”.

Currently, 20 of NATO’s 31 members, including France and Germany, still spend less than 2% of their GDP on defense. The UK spends 2.3%, making it the fifth largest defense budget in the world, behind the US, China, Russia and India.

As a result, German Defense Minister Boris Pistorius criticized his government for approving less than a 20% increase in the military budget, saying that this is not in line with the country’s goals of increasing investment in the armed forces.

“It means I can’t initiate certain things at the speed that the threat level requires,” Pistorius said.

The German government has determined that defense spending will increase by only €1.2B, to €53.2B, next year, while Pistorius demands an increase of more than €6B.

 

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