Germany contributes 400M euros to NATO’s joint budget for first time in 10 years
The amount that Germany must contribute to the joint budget of the alliance is about 421 million euros
Germany is contributing over 400 million euros to NATO’s joint budget for the first time in more than a decade this year, Qazet.az informs citing TASS.
The share that NATO member states allocate to finance both civil and military budgets is determined by a special formula based on the country’s gross national product.
Germany covers 16.34% of NATO’s expenses, which amount to about 2.581 billion euros. Thus, in 2021, the amount that Germany must contribute to the joint budget of the alliance is about 421 million euros. For comparison: last year this figure was equal to 390 million euros.
NATO’s budget consists of two main parts - military and civil expenditures. In early October, Secretary-General of the Alliance Jens Stoltenberg at a press conference in Brussels following a meeting of the NATO Council said that the leaders of the bloc would approve a new strategic concept at the Madrid summit in 2022.