BNN: NATO agrees to increase budget for 2023
On Wednesday, the 14th of December, NATO member states agreed to considerably increase the alliance’s shared budget due to the emerging security concerns and challenges in eastern Europe following Russia’s invasion of Ukraine.
The alliance’s civil budget for 2023 will be increased by 28% to EUR 370.8 million, whereas the military budget for 2023 is set at EUR 1.96 billion, which is 26% higher when compared with 2022, as announced by NATO.
NATO Secretary General Jens Stoltenberg welcomed this decision, saying this is ‘a concrete expression of a higher level of ambition’ among member states.
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Update #1: NATO agrees 2023 budgets, reflecting higher ambitions for the new security reality (NATO)
Update #2: NATO budget surges by over a quarter (RT)
WNU Editor: I know that military spending now accounts for almost 30% of the Kremlin's budget right now. And Russia is not alone. Almost everyone is significantly increasing their defense budgets right now. But there are still some exceptions, like the Germans .... Germany to Miss NATO Military Spending GDP Target After Ukraine War (Bloomberg).
2 comments:
Canada: umm..
^ Au contraire, they've recently fortified their fleet with the addition of 10 kayaks, which they obtained from the Territory of Nunavut.
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