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German Defense Minister Pistorius announces a “hole' in the Bundeswehr budget
Direct Translation via Google Translate. Edited.
[Regnum] The head of the German Ministry of Defense, Boris Pistorius, warned members of the German government about a shortfall of about 6 billion euros in the Bundeswehr budget for next year. The German publication Bild reported this on March 9.

According to the source, the German Ministry of Finance under the leadership of Christian Lindner has approved 52 billion euros in military spending for 2025. Defense export officials have warned that to achieve the NATO target of 2% of GDP, military spending needs to be increased by at least €4.5-6 billion.
Bullets and spare parts are more expensive than they used to be, donchaknow. So what will they cut on the civilian side of the budget to get the needed funds?
In this regard, as Bild notes, Boris Pistourius informed German Chancellor Olaf Scholz about the difficult financial situation. At the moment, the Ministry of Defense is negotiating with the Ministry of Finance about providing additional funding, but there are no decisions on this issue yet.

It is noted that this year Germany intends to spend more than 73 billion euros on military needs, which amounted to 2.01% of the expected GDP.

As Regnum reported, in February Olaf Scholz said that in 2024 Germany would for the first time increase defense spending to 2% of GDP, while promising to adhere to the corresponding figure in future years. In addition, he called on other European countries to increase their military spending to meet these criteria.


Posted by: badanov 2024-03-10
http://www.rantburg.com/poparticle.php?ID=693405