Even with a special fund of 100 billion euros for the Bundeswehr, Germany is likely to remain below NATO’s goal of spending 2% on defense. GDP.
The analyzes of defense budgets for 2022 and 2023 conducted by the German Institute of Economics (IW) show “a gap of almost EUR 18 billion“According to the study, in the coming years (until 2026), NATO’s goal will almost be achieved, but not exceeded, informs the Rheinische Post daily.
By contrast, as of 2027, the funding prospects are completely unclear. “If special funds are used by then, and the defense budget is not increased, then there will be a gap of around € 35 billion“- notes IW.
In this context, the VI is demanding much higher defense spending. To realize NATO’s two percent targetshould be adopted by 2026 at the latest “regular defense budget increased by a good 60 percent.“.
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Defense industry without stable funding “it cannot prepare itself for future challenges“- say experts quoted by the” Rheinische Post “.
Poland has no problem with the NATO target
Unlike our western neighbors Poland has no problems with the implementation of military expenditure required by NATO. In 2021, Poland spent over PLN 57 billion on the army. Defense expenditures were implemented in 97.5%, and they already account for 2.24%. Poland’s GDP in 2021. It is also important that it is 11.2 percent. total state budget expenditure.
In the face of the war in Ukraine, Poland wants to strengthen its army even more. In 2023, even more money will be allocated to defense. The defense law signed in March assumes that next year military spending will increase to 2.3 percent. GDP. In 2024 it will be 2.5 percent. Due to the war in Ukraine, however, it was decided that in 2023 this rate would be 3%. GDP.
In the past, Poland spent much less on the military. It is worth recalling that in 2006 it was 1.84 percent. (over PLN 19 billion) of the country’s GDP. The magic threshold of 2 percent for the first time. The GDP was exceeded in 2015, when we allocated over PLN 33 billion to the military.