The ruling coalition in the German parliament, consisting of the Social Democratic Party of Germany (SPD), the Soyuz-90 / Greens and the Free Democratic Party (FDP), has agreed with the opposition conservative bloc of the Christian Democratic and Christian Social Unions (CDU / CSU) on the main details of the creation of a special fund of the Bundeswehr in the amount of 100 billion euros.
This is stated in a joint statement by the German government and the opposition, according to Deutsche Welle.
“The initiative to speed up procurement will be put forward immediately before the summer parliamentary holidays,” the statement said.
The document specifies that in order to create a special fund, it is necessary to amend the Constitution of Germany, as the fund will attract loans in excess of the established limit of 0.35% of nominal GDP per year.
According to German Finance Minister Christian Lindner, the Constitution plans to specify the “special nature” of these expenditures for the Bundeswehr.
It was reported that German Chancellor Olaf Scholz initiated a large-scale modernization of the Bundeswehr at the expense of a special fund worth 100 billion euros on February 27, a few days after Russia’s attack on Ukraine .
Last year, Germany’s defense budget was 47 billion euros, which, according to NATO, corresponds to about 1.5% of the country’s GDP. Starting this year, the government plans to spend at least 50 billion euros a year on defense.
In addition, the special fund will finance large multi-year projects, such as equipping the Bundeswehr with American F35 fighter-bombers, as well as Germany’s participation in NATO’s nuclear deterrence program. Джерело: https://biz.censor.net/n3344847