Defense Budget - International Studies of Strategic and Geopolitics

Military spending boost to give Poland largest army in EU

30Jan

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Military spending boost to give Poland largest army in EU

WARSAW Poland plans to raise the country's defense spending to 4% of its GDP, Prime Minister Mateusz Morawiecki said on Monday. "The war in Ukraine has made us arm ourselves even faster, which is why we will make an unprecedented effort: 4% of GDP for the Polish army, this year," Morawiecki told reporters. He said raising defense spending to their new target "could mean this will be the highest percentage ... of all NATO countries." Poland spent 2.4% of its GDP on the military in 2022 -- the third-highest percentage among NATO countries. The US spends 3.47% -- $822 billion -- on defense. Members of NATO are expected to reach spending at least 2% of GDP on defense by 2024. Between now and 2035, Warsaw plans to spend $100 billion on the military. It has already spent $10 billion on arm...

US Congress authorizes 8% defense budget increase

WASHINGTON — The Senate voted 83-11 on to authorize an 8% defense budget increase over fiscal 2022 levels. The FY 2023 National Defense Authorization Act adds $45 billion to what the White House requested in its defense budget proposal. The $858 billion NDAA — which includes roughly $817 billion in Defense Department spending — also includes a 4.6% pay raise for troops as well as billions of dollars in additional funding to help the Pentagon cope with inflation, expand capacity for the defense industrial base to produce major weapons systems and continue certain programs the Biden administration had sought to cancel. “China is actively, actively trying to undercut American interests and partnerships everywhere from Asia itself to the Middle East, to Africa and beyond,” Senate Majority Le...

Japan’s record defense budget raises concerns: FM spokesperson

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