2020: Germany to Spend Billions for Rearmament

In Politics 2019-12-02 10:19:04
2020: Germany to Spend Billions for Rearmament
2020: Germany to Spend Billions for Rearmament

By Jude Chukwuemeka

 

The German parliament has passed its budget for 2020, relying on the votes of all of the parties constituting the government.

 

Accordingly, the budget presented by finance minister Olaf Scholz (SPD), is a massive increase in military spending. The military budget alone will total 45.05 billion euros next year. This is an increase of more than 12 billion euros since 2014 (32.4 billion).

 

According to a report by the German Press Agency, the German government has notified NATO of its intention to spend 50.25 billion euros in 2020.

 

“We are complying with our international obligations. The NATO defence ratio is 1.42 percent,” Scholz stressed in his speech in the Bundestag.

 

In her speech summing up the work of the government, chancellor Angela Merkel (CDU) further suggests that massive increases are planned over the coming years.
 

She announced: “We will continue this step by step: 1.5 percent by 2024. The defence minister has drawn up a plan enabling us to improve our capability in the alliance by increasing our capacities to reach 2 percent (of GDP) by the early 2030s. You can count on that, ladies and gentlemen.”

 

What Merkel and the entire ruling class plans is a massive rearmaments program to prepare for war. The planned over-spend alone is about three times the country’s total health budget, which will amount to 15.35 billion euros next year.