German Cabinet Agrees Defence Budget

German Chancellor Angela Merkel’s cabinet has approved a federal budget for 2018 that increases defence spending by EUR1.5 billion (USD1.8 billion) to EUR38.5 billion. The defence budget is set to grow to EUR41.5 billion in 2019. German Defence Minister Ursula von der Leyen said on 2 May that the cabinet also agreed the main points of a finance...

German Chancellor Angela Merkel’s cabinet has approved a federal budget for 2018 that increases defence spending by EUR1.5 billion (USD1.8 billion) to EUR38.5 billion. The defence budget is set to grow to EUR41.5 billion in 2019.

German Defence Minister Ursula von der Leyen said on 2 May that the cabinet also agreed the main points of a finance plan for 2019–22, underlining the importance of budget planning “also providing a solid financial perspective for external security for the coming years” for fighting terrorism, eliminating the causes of refugee flows, the stabilisation of the European neighbourhood, and Bundeswehr peacekeeping missions.

The German defence budget will rise by EUR2.5 billion by 2021, 20% less than the Ministry of Defence (MoD) was seeking, German media reported.

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Source: www.janes.com