NATO countries increase military budget for 2024 by 12 percent
Kyiv • UNN
NATO countries have increased their civilian and military budgets for 2024 to better address security challenges.
NATO countries have agreed on civilian and military budgets for 2024 at a meeting of the of the North Atlantic Council. This is reported on the Alliance's website, UNN writes.
Details
According to the the report, the civilian budget is set at 438.1 million euros, and the military budget - 2.03 billion euros, which is 18.2% and 12% more than in 2023.
Civilian budget NATO provides funds for personnel, operating costs, and program costs of the headquarters and its international staff. The military budget covers the operational costs of NATO Headquarters, NATO Command structures, and missions and operations around the world.
The third main element of NATO's joint funding of NATO's joint funding is the NATO Security Investment Program, which covers major construction projects and investments in command and command and control systems. The ceiling for 2024 is €1.3 billion, which is 30% more than in more than in 2023.
NATO Deputy NATO Deputy Secretary General Mircea Geoană emphasized that the increase and expansion of the use of joint funding allows NATO Allies to more effectively to address common security challenges more effectively.
Joint funding demonstrates solidarity funding demonstrates the solidarity and collective will of the Allies. In turbulent times, we need this more than ever
