23 September 2021

Netherlands boosts defence spending

by Ana-Roxana Popescu

The Netherlands Finance Ministry released the country's 2022 budget on 21 September, allocating EUR12.4 billion (USD14.26 billion) to defence. This represents a 6.56% nominal increase and a 5.4% real increase over last year's draft budget. However, the 2021 budget was supplemented by about EUR450 million, with additional funds allocated mainly to wages (EUR121 million) and price adjustments (EUR104 million). As such, the 2022 budget is only 2.7% higher in nominal terms than last year's, while also remaining relatively stable at 1.43% of GDP.

The Netherlands Finance Ministry released the country's 2022 budget on 21 September, allocating EUR1...

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