Polish govt approves 2025 budget with record defense spending
4 months, 1 week ago

Polish govt approves 2025 budget with record defense spending

China Daily  

Xinhua | Updated: 2024-08-29 15:48 Poland's Prime Minister Donald Tusk reacts at the European Political Community meeting, at Blenheim Palace in Woodstock, Britain, on July 18, 2024. WARSAW - The Polish government has approved its 2025 budget, allocating nearly PLN 190 billion for defense, a historic high. The spending represents 4.7 percent of Poland's gross domestic product in 2025 with a robust increase in defense spending and key investments in infrastructure. During a press conference held on Wednesday, Polish Prime Minister Donald Tusk outlined the major aspects of the budget, highlighting the government's commitment to national defense and security.

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History of this topic

Poland Calls on Germany to Show Leadership With Defense Spending
1 month ago

Poland Calls on Germany to Show Leadership With Defense Spending

Live Mint  

-- Germany should step up its defense spending to set an example for the European Union as doubts grow about US military support for Ukraine, a senior Polish defense official said. Deputy Defense Minister Cezary Tomczyk also supports exploring new financing schemes, for example issuing joint EU debt to finance military spending, which “would allow us to buy more and …

Putin earmarks 32% of Budget 2025 for Russia’s defence. Is he preparing for 4th year of Ukraine war?
1 month, 1 week ago

Putin earmarks 32% of Budget 2025 for Russia’s defence. Is he preparing for 4th year of Ukraine war?

Firstpost  

At a time when the Russian military is making continuous gains in the war on Ukraine, President Vladimir Putin has approved the largest-ever defence budget with a 22% annual hike As the war on Ukraine has entered a decisive phase, Russian President Vladimir Putin has approved the highest-ever defence budget for the next three years. The record budget with a …

Putin approves record defense spending — a third of Russia’s budget
1 month, 1 week ago

Putin approves record defense spending — a third of Russia’s budget

CNN  

CNN — Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from both sides nearly three years on. Scholz’s visit came after he rankled Ukrainian officials last month by calling Vladimir Putin, ending a years-long European effort to isolate the Russian president …

Russian lawmakers give final nod on record military funding boost
1 month, 2 weeks ago

Russian lawmakers give final nod on record military funding boost

Al Jazeera  

Massive increase in spending builds on last year’s record, as Moscow maintains war on Ukraine, confrontation with West. Lawmakers in Russia’s upper house have given final parliamentary approval to a plan to boost military spending by almost 30 percent next year. That is about 3 trillion rubles more than was apportioned for this year, which itself represented a post-Cold War …

Polish govt approves 2025 budget with record defense spending
4 months, 1 week ago

Polish govt approves 2025 budget with record defense spending

China Daily  

Poland's Prime Minister Donald Tusk reacts at the European Political Community meeting, at Blenheim Palace in Woodstock, Britain, on July 18, 2024. WARSAW - The Polish government has approved its 2025 budget, allocating nearly PLN 190 billion for defense, a historic high. The spending represents 4.7 percent of Poland's gross domestic product in 2025 with a robust increase in defense …

Poland’s government plans record defense spending in its 2025 budget
4 months, 1 week ago

Poland’s government plans record defense spending in its 2025 budget

Associated Press  

WARSAW, Poland — Poland’s budget proposal for 2025 includes record defense spending of 187 billion zlotys, officials said Wednesday. Finance Minister Andrzej Domanski said that the defense spending proposal would constitute 4.7% of gross domestic product, compared to 4.2% this year, which already makes Poland a leader in NATO and in the European Union. The current proposal would break the …

Germany to do to Ukraine what a Trump White House might - cut military aid by half
5 months, 3 weeks ago

Germany to do to Ukraine what a Trump White House might - cut military aid by half

Firstpost  

Germany hopes Ukraine will be able to meet the bulk of its military needs with the $50 billion in loans from the proceeds of frozen Russian assets agreed by the Group of Seven, and that funds earmarked for armaments will not be fully used. Germany will halve military aid for Ukraine next year, even with the possibility that Republican candidate …

U.K. puts its defense industry on ‘war footing,’ pledges $620 million in new Ukraine aid
8 months, 2 weeks ago

U.K. puts its defense industry on ‘war footing,’ pledges $620 million in new Ukraine aid

LA Times  

Britain’s Prime Minister Rishi Sunak, from right, Poland’s Prime Minister Donald Tusk and NATO Secretary General Jens Stoltenberg visit the Armourd Brigade barracks in Warsaw on Tuesday. British Prime Minister Rishi Sunak announced Tuesday that his country is putting its arms industry on a “war footing” by increasing defense spending to 2.5% of gross domestic product by the end of …

Poland’s lawmakers vote in 2024 budget but approval is still needed from pro-opposition president
11 months, 3 weeks ago

Poland’s lawmakers vote in 2024 budget but approval is still needed from pro-opposition president

Associated Press  

WARSAW, Poland — Poland’s lawmakers voted Thursday to approve the key 2024 state budget, but the draft still needs approval from President Andrzej Duda, who is allied with the right-wing opposition. The budget also requires endorsement from the Senate and must be presented for Duda’s signing by Jan. 29 or the president could call early elections. “What I would like …

Poland set to get more than 5 billion euros in EU money after commission approves recovery plan
1 year, 1 month ago

Poland set to get more than 5 billion euros in EU money after commission approves recovery plan

Associated Press  

BRUSSELS — Poland is set to receive more than 5 billion euros in EU funds after the European Commission gave a positive assessment Tuesday of the country’s revised recovery plan that includes green reforms and investments. The 5.1 billion euros pre-financing is part of the bloc’s REPowerEU program aimed at helping the 27 EU nations recover from the energy crisis …

Russian lawmakers approve a budget with a record amount devoted to defense spending
1 year, 1 month ago

Russian lawmakers approve a budget with a record amount devoted to defense spending

Associated Press  

LONDON — The lower house of Russia’s parliament, the State Duma, approved a federal budget Friday that increases spending by around 25% in 2024 and devotes a record amount to defense. The budget for 2024-2026 was developed specifically to fund the Russian military and to mitigate the impact of “17,500 sanctions” on Russia, State Duma Chairman Vyacheslav Volodin said. The …

A record Russian budget will boost defense spending, shoring up Putin’s support ahead of election
1 year, 1 month ago

A record Russian budget will boost defense spending, shoring up Putin’s support ahead of election

Associated Press  

LONDON — Russia’s State Duma took a step forward Wednesday towards approving its biggest-ever federal budget which will increase spending by around 25% in 2024, with record amounts going on defense. The draft budget “is about getting the war sorted in Ukraine and about being ready for a military confrontation with the West in perpetuity,” said Richard Connolly, an expert …

Ukraine plans big rise in defence spending in 2024 draft budget
1 year, 3 months ago

Ukraine plans big rise in defence spending in 2024 draft budget

Firstpost  

The finance ministry said in a statement that spending on defence was expected to be more than 21% of gross domestic product. The spending includes an allocation of 48.1 billion hryvnias for buying drones, which have been widely used by both sides in the almost 19-month-old war. The government approved a draft 2024 budget on Friday that puts the deficit …

German Cabinet approves a lower 2024 budget as it eyes a return to financial ‘normality’
1 year, 6 months ago

German Cabinet approves a lower 2024 budget as it eyes a return to financial ‘normality’

Associated Press  

BERLIN — Germany’s Cabinet on Wednesday approved a draft 2024 budget that foresees lower spending, with defense among the exceptions, as Europe’s biggest economy sticks to rules limiting borrowing that were suspended during the coronavirus pandemic. Germany plans to reach a NATO target of spending 2% of gross domestic product on defense next year, a measure on which it has …

Budget 2023: Jeremy Hunt reveals £11bn for defence spending
1 year, 9 months ago

Budget 2023: Jeremy Hunt reveals £11bn for defence spending

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt said Rishi Sunak’s government would add £11bn to Britain’s …

Sweden announces plan for significant boost in military spending
2 years, 10 months ago

Sweden announces plan for significant boost in military spending

Al Jazeera  

The Swedish government plans to raise military spending to two percent of GDP over the threat from Russia’s war in Ukraine. Sweden’s government has announced plans for a significant boost in military spending to two percent of gross domestic product “as soon as possible”, citing the security threat from Russia’s war in Ukraine. The Scandinavian country, which during the Cold …

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