18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...
18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...
18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...
18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...
18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...
18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...
18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...
18 March 2022
by Ana-Roxana Popescu
German defence budget: June 2021 vs second draft (Janes)
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Financial Plan 2022–26 to the federal cabinet on 16 March. The core allocation to defence increased by a nominal 7.3% compared to 2021, reaching EUR50.33 billion (USD56.8 billion).
Under Financial Plan 2022–26, military expenditure will remain at around EUR50.1 billion for the next four years, essentially eliminating the cuts that were initially forecast for 2023–25 in the previous finance plan released in June 2021. The core budget will remain constant in nominal terms but will slide from 1.32% of GDP in 2022 to 1.15% by 2026.
However, in his government statement to the Bundestag, Germany's parliament, on 27 February, Chancellor Olaf Scholz said Germany was moving towards spending 2% of GDP on defence. He also announced the federal budget for 2022 would implement a one-off special fund for defence worth EUR100 billion. On 16 March the federal cabinet approved draft legislation to incorporate the special fund into Basic Law, Germany's post-World War 2 constitution, meaning it is not subject to the debt brake balanced budget rule.
German Finance Minister Christian Linder presented his country's second draft budget for 2022 and Fi...