The 2024 budget of NATO’s military structure increased by 12 percent compared to 2023, reaching 2.03 billion euros, and the budget of the political component of the organization increased by 18.2 percent, reaching 438.1 million euros. This was reported by Reuters.
The publication states that increasing the military budget of the North Atlantic Alliance will allow NATO member countries to more effectively deal with common security challenges.
Before that, next week, the US Senate appointed Vote on the National Defense Authorization Act.
We’re talking about the National Defense Authorization Act (NDAA) for fiscal year 2024 – in the United States, this period began on October 1, 2023. The bill requests a record $874.2 billion in defense budget funds. Of this amount, $841.4 billion will go to the Pentagon, and $32.4 billion will go to the Department of Energy’s national security and nuclear security.
The budget also includes $300 million in military aid to Ukraine and another $8 million to track how that aid is spent.
Former German Chancellor Olaf Scholz named The reason why Ukraine cannot join NATO.