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Tags: EU | Germany | Military Spending

Report Suggests Germany May Miss Defense Spending Target

Tuesday, 05 February 2019 09:38 AM

BERLIN (AP) — Germany's tightening public finances are raising questions over whether the country will miss its military spending target at a time when the U.S. is increasing pressure on its European allies to increase defense budgets.

The dpa news agency reported Tuesday that a Finance Ministry document circulated to other ministries for discussion suggests defense spending won't increase sufficiently to meet targets amid a projected budget shortfall of 24.7 billion euros ($28.3 billion) through 2023.

The Finance Ministry wouldn't comment, saying only the numbers won't be finalized until the end of March.

Defense Minister Ursula von der Leyen said on a Latvia trip that Germany would still meet its goal to increase military spending to 1.5 percent of GDP by 2025, already less than the 2 percent NATO members agreed in 2014.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Germany's tightening public finances are raising questions over whether the country will miss its military spending target at a time when the U.S. is increasing pressure on its European allies to increase defense budgets.The dpa news agency reported Tuesday that a Finance...
EU,Germany,Military Spending
132
2019-38-05
Tuesday, 05 February 2019 09:38 AM
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