Author Topic: US bristles at Germany’s reduced defense budget plans  (Read 193 times)

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US bristles at Germany’s reduced defense budget plans

The Associated Press

March 18, 2019 01:55 PM,

Updated March 18, 2019 01:56 PM
BERLIN

The United States is bristling at the suggestion Germany might miss its own defense spending target, which is already short of the NATO goal.

Finance Minister Olaf Scholz's budget plan, which is to be presented to cabinet on Wednesday, foresees Germany's defense spending rising to 1.37 percent of national income in 2020, but decline to 1.25 by 2023, according to the dpa news agency, which reviewed a copy of the proposal.

NATO countries have pledged to move toward spending 2 percent of GDP on defense and Chancellor Angela Merkel's government had pledged to increase spending to 1.5 percent by 2024.

Read more here: https://www.miamiherald.com/news/business/article228086629.html#storylink=cpy