NATO Increases Joint Military Budget For 2024

• 14.12.2023, 3:42

By 12 per cent.

NATO will increase the joint defence alliance spending next year.

This was reported in the press service of the Alliance.

It is expected that the military budget will increase by 12% to 2.03 billion euros in 2024. The civilian budget will increase by 18 per cent to just over €438 million.

NATO Deputy Secretary General Mircea Joanet said the increased and expanded use of NATO's joint funding allows Alliance members to meet common security challenges more effectively.

"Joint funding demonstrates the solidarity and collective will of Alliance members. In turbulent times, we need it more than ever," he said.

NATO's civilian budget provides funds for personnel, operational and programme costs for NATO Headquarters and its international staff. The military budget covers the operating costs of NATO Command Structure headquarters, missions and operations around the world. The third pillar of NATO's co-financing is the NATO Security Investment Programme, which covers major construction works and investments in the Command and Control System. The programme has a ceiling of €1.3 billion for 2024, an increase of 30 per cent from 2023.

"Co-financing budgets strengthen NATO by providing essential capabilities, contributing to deterrence, defence and interoperability, and supporting consultations and decision-making at the highest level," NATO stated.