US EditionGerman defence minister seeks annual budget hike to over 60 billion euros: Report
- German Defence Minister Boris Pistorius plans to increase the nation’s defence spending to exceed 60 billion euros per year starting in 2025.
- This increase follows a 20 billion euro special fund created after Russia's invasion of Ukraine, amid pressure to meet NATO targets.
- A recent survey of over 2,000 Germans showed rising public and political support for the defence industry and funding increases.
- Kajetan von Mentzingen, CEO of VINCORION, reported their workforce grew to 900 employees last year and job applications doubled since 2023.
- The budget hike aims to sustain Germany's military readiness but faces challenges in timely spending and industry production capacity.
12 Articles
12 Articles
German defence minister seeks annual budget hike to over 60 billion euros, sources say
German Defence Minister Boris Pistorius is seeking a drastic increase in the country's annual defence budget to over 60 billion euros ($68.21 billion) starting in 2025, two sources familiar with the matter told Reuters.
New study highlights importance of the defence industry. Four out of ten affirm its “contribution to security in Germany and Europe” - Defence Industry Europe
A recent representative survey has revealed that many German citizens view the defence industry as a meaningful field of work that makes an important contribution to security. At the same time, measures are needed to modernize the industry and make it more transparent. Just under four out of ten respondents (39 percent) view working in the defence technology industry as an opportunity to “contribute to the security of Germany and Europe.” Respon…
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