Germany to hike defense budget by 1.7 Bn Euros
Germany’s Cabinet has approved a draft 2024 budget that forecasts lower spending, with defense among the exceptions. Notably, the Government’s plan calls for spending of 445.7 billion euros ($486 billion), down 6.4% from the 476.3 billion euros it expects to spend this year. However, defense spending is set to rise by 1.7 billion euros to…