Tag #Defense Budget

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Germany's Election: A Military Budget Showdown

Germany's military readiness is under scrutiny as experts warn of limited defense capabilities due to decades of budget cuts, sparking a heated election debate on defense spending, with proposals ranging from €80 billion annual budgets to debt brake reform.

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taz.de
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Germany's Post-Invasion Defense Spending Surge: A €90.6 Billion Commitment

Germany's defense spending surged to €90.6 billion in 2023 (over 2.1% of GDP) following Russia's Ukraine invasion, driven by various political parties' commitments to bolster military capabilities, despite differing targets and concerns about long-term sustainability and the lack of concrete funding...

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Japan Expands Russia Sanctions, Approves Record Defense Budget

Japan expands sanctions against Russia, adding 33 organizations and 12 individuals to its asset freeze list and imposing export restrictions on 53 companies, while simultaneously approving a record $55 billion defense budget to develop long-range missiles and a domestic satellite network.

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Pistorius Calls for €80 Billion German Defense Budget Increase

German Defense Minister Boris Pistorius is urging a significant increase in the country's defense budget to at least €80 billion annually by 2028, citing Russia's war in Ukraine and the need to modernize the Bundeswehr, while acknowledging the time needed for weapon production. This follows recent p...

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welt.de
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Germany Approves €4.7 Billion for Additional Submarines

Germany approved the purchase of four additional U212 CD class submarines for €4.7 billion, part of a larger €21 billion military spending package, citing threats from Russia and a need to strengthen NATO's northern flank. The submarines will feature improved sensors and missile capabilities.

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Russia's Record \$126 Billion Defense Budget Amid Ukraine War

Russia approved a record \$126 billion defense budget for 2025, comprising 32.5% of government spending, due to the costly war in Ukraine, exceeding this year's by \$28 billion, while slightly decreasing in 2026 and 2027.

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Germany's Election: Deciding the Future of Bundeswehr Funding

Germany's upcoming election will determine the future funding of its military, the Bundeswehr, as a special 100 billion euro fund is set to expire in 2027, sparking debates on budget allocation between defense and social programs.

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dw.com
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Germany Plans Significant Increase in Defense Spending

German Defense Minister Boris Pistorius announced a significant increase in defense spending to at least €85 billion annually from 2028, totaling 3% of GDP, while rejecting a US proposal for a 5% increase, citing budgetary constraints and prioritizing the fulfillment of NATO objectives.

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english.kyodonews.net
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Japan's Defense Spending Plan Faces Tax Revenue Uncertainty

Facing uncertainty over tax revenues, Japan plans to spend \$272 billion on defense through 2027, while delaying an income tax hike and relying on potentially unsustainable corporate tax revenue, raising concerns about long-term fiscal stability.

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english.kyodonews.net
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Japan Approves Tax Reforms to Fund Defense Spending, Raising Concerns About Fiscal Health

Japan's ruling parties approved tax reforms to fund a 43 trillion yen defense budget increase starting in 2026, raising corporate and tobacco taxes while also increasing income thresholds for young adults, despite concerns about reduced government revenue.

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lemonde.fr
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French Defense Budget Delay Threatens Military Modernization and Support for Ukraine

A no-confidence vote in France's government on December 4th threatens a planned €3 billion annual increase to the defense budget, potentially delaying military modernization and support for Ukraine by as much as €20 billion by 2030.

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