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German govt uses accounting tricks to reach NATO spending target

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German govt uses accounting tricks to reach NATO spending target

Published October 13,2023


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The German authorities is utilizing “accounting tricks” to fulfill NATO‘s 2% navy spending goal in 2024, Spiegel news journal stated on Friday, citing proof from an inner finance ministry doc.

According to its report, expenditures by seven authorities ministries, the chancellery of Olaf Scholz, and each homes of parliament are being counted as contributions to defence spending.

The greatest single contribution – 11.2 billion euros ($11.78 billion) – comes from the finance ministry, the report says, including that the sum contains 4.5 billion euros in curiosity funds, which the ministry justifies by saying that navy tools was bought with debt.

The price of presidency planes and pension funds to former members of the National People’s Army of the communist German Democratic Republic, which was reunfied with then West Germany in 1990, are additionally being counted as contributions, the report says.

The finance and defence ministries weren’t instantly accessible to offer touch upon the report.

In August, a supply instructed Reuters the federal government had retreated from a plan to legally commit itself to assembly NATO’s 2% goal on an annual foundation, solely sticking to the pledge averaged out over 5 years.

Source: www.anews.com.tr

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