Ukraine will spend 10 times more on its defense than NATO countries in 2025; the EU is not ready for war with Russia. Next year, Ukraine will spend about 25% of its GDP on defense, which is 900% more than European NATO allies’ average, NATO Secretary General Mark Rutte said during a keynote speech in Brussels. ... #DefenseIndustryEU #DefenseIndustryUkraine #DefenseSpending #MarkRutte #NATO #WarinUkraine #WeaponsProduction
Poland is calling on Germany to immediately increase defense spending, while France is ramping up purchases of long-range weapons. Poland’s Deputy Defense Minister Cezary Tomczyk believes that Central Europe, including Germany, should increase its defense spending to set an example for other countries following Trump’s victory, w... #CezaryTomczyk #DefenseIndustry #DefenseSpending #France #Germany #Poland
The EU defense commissioner wants to increase EU defense spending by 900%. EU defense and space commissioner Andrius Kubilius wants the next seven-year EU budget to include around €100B for defense needs. The current seven-year EU budget, which exceeds €1T, only includes €10... #AndriusKubilius #DefenseSpending #EUbudget #EUdefense #UrsulavonderLeyen
The Armed Forces of Ukraine have already received one million drones, and next year this number will increase significantly. In 2024, a million drones have already been delivered to the front, and 96% of them are Ukrainian-made, the Ministry of Digital Transformation reports. Brave1 defense cluster participants have already... #Brave1 #DefenseIndustryUkraine #DefenseSpending #DefenseTechnology #DroneProduction #UkrainianWeapons
The war in Ukraine and the Trump presidency forces Brussels to funnel billions of euros to defense. Brussels is changing its spending policy to redirect tens of billions of euros to defense and security in response to Russia’s war in Ukraine and Donald Trump’s return to the White House. ... #CohesionFunds #DefenseIndustryEU #DefenseSpending #EUdefense #Germany
The Ministry of Finance explains the importance of the historic tax increase. All the tax revenue in the state budget is directed to the security and defense sector, but even that is not enough. The Ministry of Finance noted that the balance is covered through other sources, in... #BudgetDeficit #DefenseSpending #TaxesUkraine #UkraineBudget2024 #UkraineEconomy
The EU is spending insufficiently on its defense as a whole, but Poland will allocate a record amount to this sector next year. The European Court of Auditors claims that the €1.5B budget planned by the EU for the development of the defense industry, as well as two years of other spending, is insufficient in the face of the ch... #DefenseSpending #EUdefense #NATO #Poland #WarinUkraine
Ukraine may not be able to find an additional ₴500B for defense needs. Even with a proposed radical tax increase, Ukraine may not fully overcome the fiscal gap that must be closed for effective and timely financing of its military needs. Analysts from RRR4U think tanks h... #BudgetDeficit #DefenseSpending #financialaidforUkraine #UkraineBudget2024 #UkraineDefensePurchases
The AmCham condemns the government’s initiatives to increase corporate income taxes. The American Chamber of Commerce in Ukraine (AmCham) called on Ukrainian authorities to strengthen their fight against Ukraine’s shadow economy before increasing the tax burden on honest taxpaye... #AmChamUkraine #DefenseSpending #TaxesUkraine #UkraineBudget2024
The Ministry of Defense explained where the additional almost ₴500B from the state budget will be allocated. In a draft law on increasing state budget expenditures in 2024 approved by the Cabinet of Ministers, which the parliament must approve, financial support for the security and defense sector is expecte... #DefenseIndustryUkraine #DefenseSpending #UkraineBudget2024 #WarinUkraine
The government proposes increasing budget expenditures by more than ₴500B and raising taxes to obtain an additional ₴140B. Ukraine’s government approved changes to the state budget that include a proposed spending increase of ₴500.3B, of which ₴495.3B would be directed to the security sector and defense. The head of... #DefenseSpending #ExciseTaxesOnFuel #RoksolanaPidlasa #TaxesUkraine #UkraineBudget2024
The UK’s new government announces its ongoing support for Ukraine, and Germany approves a 2025 draft budget with less aid for Ukraine. The King of the United Kingdom, Charles III, delivered a speech about the new Labour Party government’s program, which also mentioned Ukraine. Charles III emphasized London’s “unshak... #CharlesIII #DefenseSpending #Germany #GreatBritain #MilitaryAidforUkraine #SupportUkraine
The US will insist that all NATO countries allocate 2% of their GDP to defense and work on increasing interoperability. The US will insist that each NATO member state spend at least 2% of GDP on defense, said House Speaker Mike Johnson. “This week I will meet with the delegations from NATO countries, and I will r... #DefenseSpending #JensStoltenberg #MikeJohnson #NATO #WarinUkraine
The German Ministry of Defense is asking the Ministry of Finance to allocate an additional €4B for the supply of weapons to Ukraine. The head of the German Ministry of Defense, Boris Pistorius, is convinced that an additional €4B should be allocated from the budget to support Ukraine this year. About €7B has been allocated this yea... #BorisPistorius #ChristianLindner #DefenseSpending #Germany #LeopardBattleTanks #MilitaryAidforUkraine #WeaponsforUkraine
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 “... #BorisPistorius #DefenseSpending #Germany #GreatBritain #KeirStarmer #NATO
