Germany is forced to spend 50.25 billion euros per year on defense.
Next year, Germany will increase its defense spending to move closer to its 2% target, as NATO requires. It is reported by DPA on November 18.
Shortly before the December NATO summit, Germany will notify the alliance that it will spend 50.25 billion euros or 1.42 percent of GDP on defense. In 2019, the country’s defense budget was 1.36 percent.
Germany’s figure of 50.25 billion euros corresponds to an increase of about 6.2 percent compared with current expenses of 47.32 billion euros.
At last year’s NATO summit, US President Donald Trump threatened to quit the bloc if allies did not begin to spend 2% of their GDP on defense. He regularly complains about the unfair distribution of the financial burden in NATO and, in particular, criticizes Germany.
NATO called on all allies to submit their new forecasts for 2020 before the meeting of heads of state and government in London on December 3-4. New figures will be discussed for the first time at a meeting of foreign ministers on Wednesday.