NATO increases military budget by 12% to 2.03 billion euros


  • World
  • Thursday, 14 Dec 2023

A NATO flag flutters next to the Presidential Palace in Vilnius, Lithuania July 10, 2023. REUTERS/Ints Kalnins/File Photo

BRUSSELS (Reuters) - NATO said on Wednesday that it was increasing its military budget for 2024 by 12% to 2.03 billion euros and its civil budget by 18.2% to 438.1 million euros.

Increasing and broadening the use of NATO common funding allows allies to more effectively address shared security challenges, NATO said in the statement announcing the increase.

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