Thanks to Corona-crisis: Suddenly, Germany is progressing with the Nato-Quote powerful

According to an estimate by the Institute of German economy (IW) is likely to increase the proportion of defence expenditure to the gross domestic product (GDP)

Thanks to Corona-crisis: Suddenly, Germany is progressing with the Nato-Quote powerful

According to an estimate by the Institute of German economy (IW) is likely to increase the proportion of defence expenditure to the gross domestic product (GDP) in the current year jumped to 1.58 percent, as the düsseldorf "Rheinische Post" in its Wednesday edition reported. Due to the decline in the GDP due to the crisis.

In the past year, the share of defense expenditure in the GDP, according to the IW calculations 1.36 per cent, as it is said in the newspaper report. The Nato States had agreed in 2014, the share of defence expenditure on the GDP increase within a decade in "the direction of two percent".

German "Nato-rate" could be as early as next year

fall Because Germany has fallen significantly behind this target, it was set up in the past few years, from US President Donald Trump under massive pressure. Federal defence Minister Annegret Kramp-Karrenbauer (CDU) had called in to your office in the past year as a target an increase in the military budget to 1.5 percent of GDP by 2024.

By the Corona-crisis, this target would be reached, according to IW this year, but probably only temporarily, should win the German economy in the coming year significantly.

defence expenditure, currently around a low of 50.4 billion Euro.

In the current year, the German defence spending, at around a low of 50.4 billion euros, as the "Rheinische Post" citing a reply from the defence Ministry to a request of the Left-the Deputy Sevim Dagdelen reported. Defense expenditure in 2020 would fall by 44 percent over those of 2010.

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Updated Date: 27 May 2020, 06:26

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