military spending - Garner Ted Armstrong Evangelistic Association

German lawmakers approve huge 2026 budget with billions in new debt

DPA — Mon, 01 Dec 2025 20:28:30 +0000

Germany’s budget for 2026 was approved by lawmakers in the lower house of parliament on Friday, with expenditure of €525 billion ($608 billion).

The plans include more than €180 billion in borrowing, greater than at any time in German history other than during the coronavirus pandemic.

“This budget once again has record investments,” said Finance Minister Lars Klingbeil during the debate in parliament. “However, it is also important that the investments now flow quickly,” added the Social Democrat, who is also vice chancellor.

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Source: https://finance.yahoo.com/news/germany-unveils-debt-laden-budget-100651022.html

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Russia ramps up arms production as US boosts support for Ukraine

Reuters — Wed, 01 May 2024 23:05:31 +0000

MOSCOW, May 1 (Reuters) – Russia’s defence minister on Wednesday ordered a hike in weapons production and said deliveries needed to be faster for the war in Ukraine, a week after U.S. President Joe Biden signed off on tens of billions of dollars of new military aid for Kyiv.

President Vladimir Putin‘s 2022 invasion of Ukraine touched off the worst breakdown in relations between Russia and the West since the 1962 Cuban Missile Crisis, according to Russian and U.S. diplomats.

Biden on April 24 signed a bill into law that provides $61 billion in additional aid to Ukraine, including an array of artillery, rocket systems, anti-tank munitions and ammunition.

Russia is gradually advancing at key points along the 1,000-km (620 mile) front line and stated that U.S. arms will not prevent victory by Moscow, but some Russian officials are concerned that the U.S. support will escalate the conflict.

At a meeting with the top military brass in charge of what Moscow calls the “special military operation” in Ukraine, Defence Minister Sergei Shoigu said the volume, quality and speed of arms production needed to be increased.

“To maintain the required pace of the offensive …, it is necessary to increase the volume and quality of weapons and military equipment supplied to the troops, primarily weapons,” Shoigu said in footage released by the defence ministry.

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Source: https://www.reuters.com/world/europe/russias-defence-minister-orders-more-weapons-ukraine-operation-2024-05-01/

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Japan’s Defense Ministry Requests Nearly 12% Budget Increase to Bolster Military’s Strike Capability

Mari Yamaguchi | Associated Press — Thu, 31 Aug 2023 20:57:58 +0000

TOKYO — Japan’s defense ministry is requesting a nearly 12% budget increase that includes two warships with advanced radar and long-range cruise missiles as it further fortifies the nation’s military in the face of North Korean threats and Chinese military advancement.

The record 7.7 trillion yen ($52.5 billion) request for the 2024 fiscal year marks the second year of a rapid five-year military buildup under a new security strategy Prime Minister Fumio Kishida’s government adopted in December. It focuses on reinforcing strike capability in a break from Japan’s postwar principle of having a military only for self-defense.

Under the five-year plan, Japan plans to spend 43 trillion yen ($315 billion) through 2027 to nearly double its annual spending to around 10 trillion yen ($68 billion), making Japan the world’s third-biggest spender after the United States and China. How to finance and justify the growing military spending is uncertain in a country with steeply declining births and increasing costs of caring for its aged population.

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Source: https://www.military.com/daily-news/2023/08/31/japans-defense-ministry-requests-nearly-12-budget-increase-bolster-militarys-strike-capability.html

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Worldwide military expenditure increased 3,7% in 2022, SIPRI report

MercoPress — Mon, 24 Apr 2023 23:20:38 +0000

The Stockholm International Peace Research Institute (SIPRI), a leading global security think tank, reported that countries around the world are spending record amounts of money in defense budgets. Some of the reasons for this new trend, inflation, the war in Ukraine, US efforts to outpace China.

For 2022, researchers recorded a year-on-year jump of 3.7% in worldwide military expenditure. That marks an all-time high and follows several years of continuously higher spending.

“Irrespective of whether economies are doing better or worse than expected, the military is taking up more financial resources than in previous years, or previously ever in history,” Nan Tian, a senior researcher at SIPRI who helped author the report, told DW.

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Source: https://en.mercopress.com/2023/04/24/worldwide-military-expenditure-increased-3-7-in-2022-sipri-report

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House passes defense bill that rescinds military Covid vaccine mandate

Clare Foran | CNN — Thu, 08 Dec 2022 20:27:43 +0000

CNN — The House voted on Thursday to pass sweeping legislation that would authorize $858 billion in national defense funding and rescind the US military’s Covid vaccine mandate. The measure passed with wide bipartisan support with a tally of 350 to 80.

House lawmakers approved a final negotiated version of the National Defense Authorization Act for fiscal year 2023, which sets the policy agenda and authorizes funding for the Department of Defense. Following passage in the House, the measure will next need to go to the Senate to be approved before it can be sent to President Joe Biden to be signed into law.

As part of its $858 billion topline for national defense funding, the measure authorizes $817 billion specifically for the Department of Defense. The massive bill includes a vast number of policy provisions. Among them, it would authorize a 4.6% pay raise for military service members. It includes provisions to strengthen air power and land warfare defense capabilities as well as cybersecurity. It also aims to bolster US support for Ukraine and NATO.

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Source: https://www.cnn.com/2022/12/08/politics/house-vote-ndaa-military-vaccine-mandate/index.html

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