German Defense Minister von der Leyen wants €12 billion more for Bundeswehr

DW.COM | 4/29/2018 | Staff
JimmyJoe (Posted by) Level 3
Click For Photo:

Click For Photo:

German Defense Minister Ursula von der Leyen has put in a request for an increase to the military budget of €12 billion ($14.6 billion) over the current term of parliament, an amount greatly in excess of present budget plans, a newspaper reported on Sunday.

The Bild am Sonntag said Finance Minister Olaf Scholz had so far foreseen an increase in defense spending of just €5.5 billion over the four years to 2021. The Defense Ministry had already criticized Scholz's plan on Friday as "inadequate in view of the huge accumulated needs and required modernization, particularly in the medium term."

Paper - Der - Leyen - Armaments - Project

According to the paper, von der Leyen will threaten to stop at least one international armaments project scheduled for 2019 if the defense budget is not given a considerable boost. The first to go would be a planned submarine deal with Norway, followed by the purchase of six C-130 Hercules transport aircraft, according to Bild.

Read more: German military draws up €450 million wish list

Grave - Deficits

Grave deficits

Germany's defense budget in 2017 was around €37 billion...
(Excerpt) Read more at: DW.COM
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!