HomeWorldNATO increases its military...

NATO increases its military budget by 12%

Photo: Reuters (file photo)

The Alliance noted that increasing and expanding the use of joint financing allows NATO members to more effectively overcome common security challenges.

NATO has increased its civilian and military budget for 2024. The civilian budget is 438.1 million euros and the military budget is 2.03 billion euros, an increase of 18.2% and 12% compared to 2023. The NATO press service reported this on Wednesday, December 13.

“At a meeting of the North Atlantic Council, Alliance members agreed on NATO’s civilian and military budgets for 2024. The civilian budget is 438.1 million euros, and the military budget is 2.03 billion euros, which is 18.2% and 12% more than in 2023, respectively,” the message said.

NATO Deputy Secretary General Mircea Geoane emphasized that the increase and expansion of NATO’s shared funding enables Alliance members to more effectively address common security challenges.

The NATO Civil Budget provides funds for personnel, operational and program costs for NATO Headquarters and its international staff. The military budget covers the operational costs of the headquarters, missions and operations of NATO’s command structure around the world.

The third major element of NATO co-financing is the NATO Security Investment Program (NSIP), which covers major civil works and investment in command and control systems. The NSIP cap for 2024 is €1.3 billion, which is 30% more than in 2023.

“Co-financed budgets strengthen NATO by providing core capabilities, promoting deterrence, defense and interoperability, and supporting consultation and decision-making at the highest levels,” the Alliance’s press service said.

They also noted that NATO is committed to providing security in an effective, transparent and financially responsible manner.

Earlier, NATO expressed hope that the Alliance would expand eastward in the coming years.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Blackpink’s Jennie joins the list of ‘best albums of 2025, so far’

Blackpink member Jennie enters the list of 'best albums of 2025, so far' pleasing criticism; look!DIVA! With great influence on the music industry, Rolling Stone magazine shares annually in early June the 66 albums considered by its critics the best of the year so far. Including all...

5 Pixar movies that everyone needs to watch

In addition to Toy Story, who was the studio's first long -term movie; Check out 5 more Pixar animations that everyone needs to watch!How many Pixar movies have you watched? The studio, which emerged independently on February 3, 1986 launching only short films, took an important step...

What films make up the age of Disney’s Renaissance?

Find out what are the films responsible for composing one of the most loved eras by fans of Disney productions: the RenaissanceWith over 100 years of history, Disney is one of the main companies of world entertainment. Over the course of a century, the studio was responsible...