Balkans | NATO’s military budget has increased by 25 percent, to nearly two billion euros

Home » Balkans | NATO’s military budget has increased by 25 percent, to nearly two billion euros
Balkans |  NATO’s military budget has increased by 25 percent, to nearly two billion euros

It was decided to increase NATO’s military budget for 2023 by 25%, to approximately €1.96 billion.

According to NATO’s statement, the military budget was increased by 25 percent to approximately 1.96 billion euros, with the unanimous consent of member states, and the civilian budget was increased by about 28 percent, to reach 370.8 million euros.

NATO Secretary General Jens Stoltenberg stated that the budget increase is a concrete expression of the desire to achieve the goal set by NATO allies at the NATO summit held in Madrid in June.

“We must continue to invest better and better together within NATO,” Stoltenberg said. Use the phrase.

NATO’s civilian budget is used to cover expenses such as personnel and operating costs and expenses for the NATO Headquarters Programme.

The military budget is used to cover the costs of NATO’s operations, missions and command structure at Headquarters.

In addition to the civilian and military budgets, the spending cap for NATO’s Security Investment Program (NSIP), the alliance’s third joint financing component, for 2023 is set at €1 billion, an increase of 26.6 percent. Within the scope of the NSIP, NATO’s major investments in construction and the command and control system are carried out.

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