September 27, 2022

Germany allocates $107 billion to modernize its armed forces

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The government and the German Conservative Party have agreed to allocate $107 billion to modernize the country’s Armed Forces. This was reported by the agency AFP.

It is noted that the deal will allow Berlin “on average over several years” to achieve the target for NATO countries of 2% of GDP allocated for defense.

According to the agency, the decision was made after several weeks of negotiations. It is planned that a fund in the Bundeswehr will be created for military purchases.

Earlier, on April 2, the German Ministry of Defense asked the Bundestag Budget Committee for special funds in the amount of €21 million to replenish the ammunition of Panzerfaust 3 anti-tank grenade launchers that were sent to Ukraine.

Prior to this, on March 18, German Foreign Minister Annalena Berbock said that the national security strategy includes three main points: security, free life and protection of the foundations of life.

Earlier, Germany decided to increase military contributions to the NATO budget in the amount of 2% of GDP. Before the start of the conflict in Ukraine, Berlin actively resisted pressure from the US and NATO on the countries of the alliance in order to increase their defense spending. Over the past eight years, German defense spending has been in the range of 1.1 to 1.5% of GDP.

In mid-March, Der Spiegel reported that the German cabinet had decided to buy about 35 US-made F-35 fighter jets to re-equip its air force. They will replace the outdated European Tornado aircraft jointly produced by Germany, Italy and the UK. In fact, this deal will allow Germany to bring its military spending this year beyond 2% of GDP.

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