Defense budget
US approves record defense budget, increases aid to Ukraine
|
The US approved a record $925 billion defense budget for 2026, increasing military aid to Ukraine to $500 million.
US passes nearly $900 billion defense bill
|
The new US defense bill focuses on reforming the arms procurement process and increasing salaries for soldiers.
France spends heavily on military spending despite warning of huge debt
|
Despite warnings of the possibility of facing annual loans of more than 100 billion euros, the French government continues to push up the defense budget.
World military spending increases the most since the cold war
|
Global military spending hit a record $2.72 trillion in 2024, up 9.4% from 2023.
EU increases defense spending, volatile stocks
|
The European Commission (EC) has proposed a common loan worth 150 billion euros along with many support measures to facilitate EU countries in improving their defense capabilities.
Mr. Trump wants to meet with Russia-China leaders to discuss reducing military spending
|
President Donald Trump has said he would like to meet with future leaders of Russia and China to discuss the possibility of cutting defense spending.
NATO faces pressure to boost military spending
|
To sharply increase defense investment beyond GDP by 3%, making the military a top priority area, NATO may have to cut social welfare programs.
Ukraine war pushes global defense spending to record high
|
The war in Ukraine has caused global defense spending to skyrocket to $2.46 trillion.
German Defense Minister criticizes the Government
|
German Defense Minister Boris Pistorius criticized the German government for approving less than a fifth of the budget increase he sees as necessary for the German army.
