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Halls of Shrewd'm / US Policy
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Author: Dope1   😊 😞
Number: of 42876 
Subject: Re: Trump: I Would Encourage Russia...
Date: 02/11/2024 2:18 PM
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Yes, they are moving towards it.

Are they?
https://dgap.org/en/research/publications/germanys....

The remaining gap in German defense spending for 2024 can be understood as follows. The announced individual contributions from the defense budget (EUR 51.8 billion), the Special Fund (EUR 19.2 billion), and shares from other budgets (about EUR 7 billion) correspond to a total of about EUR 78 billion. NATO’s two percent target will, however, require about EUR 85 billion in defense spending in 2024. The gap will get even worse in the future. According to current planning, Germany’s total defense spending will drop massively after 2026 once the Special Fund has been used up and its regular defense budget remains constant.

Short answer? No.
Not even close. Been this way for 40 years.

So what's this "Special fund"? It's a thing they passed in 2022:
https://www.reuters.com/world/europe/german-lawmak...

BERLIN, June 3 (Reuters) - Germany's Bundestag, the lower house of parliament, on Friday approved creation of the 100 billion euro ($107.2 billion) special defence fund that Chancellor Olaf Scholz announced in response to Russia's invasion of Ukraine.
The money is destined to top up the regular defence budget of around 50 billion euros over several years to help re-build Germany's military, which has suffered years of neglect following the end of the Cold war.


So they need to be at ~85B Euros, their regular budget is just north of 50B, and this Special Fund runs out in a few years.


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