The european budget season will be one of the most exciting in decades
AdmiraI_Ackbar__ on
I may not agree with the Swedish prime minister on much but I do fully agree that we need to act and quickly.
Suikerspin_Ei on
It’s always funny (actually not) to see how the Netherlands can function well with geopolitics, but national stuff is a mess.
PickingPies on
Dark times ahead. Better be safe than sorry.
12destroyer21 on
So 3 out of the frugal 4 will have a relative defense spending 50% higher than the US
hmtk1976 on
Idiots. When the EU faced a financial crisis they were the ones who weren´t loyal. Now they´re going to spend an insane amount of money on defense because the Americans tell us.
5% is very unnecessary tbh. And I definitely want stronger Europe
3% would already be a huge increase from the current average in Europe and would be more than enough to deter Russia and greatly increase European military power
djingo_dango on
It’d be very interesting to see how European countries maintain their social policies while investing into defense simultaneously. Will be a real test to the American claim that US subsidizes European healthcare
FantasyFrikadel on
But not on American equipment please, invest in your own.
InCloud44 on
It will take 5-10 years…to see these money well invested. I saw Rutte said something like 2032… but for example Italy said that they will need 10 years for minimum to invest 5%.
FluffnPuff_Rebirth on
5% annually, quarterly, monthly? Will it be sustained after that? As just buying a single expensive system once can easily put one above the 5% mark (or even over 100%) for a few moments, if the cost of the purchase is added as an instantaneous expense and then compared against some very short period of time in GDP generation.
Buying a single system worth a few billion right before the NATO summit and then measuring against the GDP gains that accumulated over the weekend the conference was held would be the scummiest way to fudge this and still be technically correct. I doubt anything like this is going on here, but I used it as an extreme example to illustrate what I am talking about. It would be nice to know the actual numbers here.
IshTheFace on
I can only get so hard
VigorousElk on
Yeah, no. No developed country can or wants to afford that for any considerable amount of time unless actively at war. People only ever see 5% ‘of GDP’, without realising that means a state has to spend a portion of its **federal budget** that equals 5% of the country’s **entire economic output** (GDP), not 5% of the government budget.
The Netherlands had a GDP of $1.23 trillion in 2024. 5% of that is $61 bn. That’s **three times** the last defence budget of $22 bn. It’s almost the size of France’s military budget, a country with almost four times the population.
So here’s my wild prediction: it’s a headline grabbing announcement that in reality will involve some incredibly creative accounting. It will probably count everything from civil defence to healthcare (gotta be able to treat the wounded!) to infrastructure (gotta be able to move the army!) to a lot of other stuff that can in any way be argued to be tangentially defence related.
14 commenti
The european budget season will be one of the most exciting in decades
I may not agree with the Swedish prime minister on much but I do fully agree that we need to act and quickly.
It’s always funny (actually not) to see how the Netherlands can function well with geopolitics, but national stuff is a mess.
Dark times ahead. Better be safe than sorry.
So 3 out of the frugal 4 will have a relative defense spending 50% higher than the US
Idiots. When the EU faced a financial crisis they were the ones who weren´t loyal. Now they´re going to spend an insane amount of money on defense because the Americans tell us.
[A defense budget can contain very different expenses. ](https://youtu.be/BrzunwO_g1M?si=narh-RM9_N2v5ulO)
Good. We should follow.
5% is very unnecessary tbh. And I definitely want stronger Europe
3% would already be a huge increase from the current average in Europe and would be more than enough to deter Russia and greatly increase European military power
It’d be very interesting to see how European countries maintain their social policies while investing into defense simultaneously. Will be a real test to the American claim that US subsidizes European healthcare
But not on American equipment please, invest in your own.
It will take 5-10 years…to see these money well invested. I saw Rutte said something like 2032… but for example Italy said that they will need 10 years for minimum to invest 5%.
5% annually, quarterly, monthly? Will it be sustained after that? As just buying a single expensive system once can easily put one above the 5% mark (or even over 100%) for a few moments, if the cost of the purchase is added as an instantaneous expense and then compared against some very short period of time in GDP generation.
Buying a single system worth a few billion right before the NATO summit and then measuring against the GDP gains that accumulated over the weekend the conference was held would be the scummiest way to fudge this and still be technically correct. I doubt anything like this is going on here, but I used it as an extreme example to illustrate what I am talking about. It would be nice to know the actual numbers here.
I can only get so hard
Yeah, no. No developed country can or wants to afford that for any considerable amount of time unless actively at war. People only ever see 5% ‘of GDP’, without realising that means a state has to spend a portion of its **federal budget** that equals 5% of the country’s **entire economic output** (GDP), not 5% of the government budget.
The Netherlands had a GDP of $1.23 trillion in 2024. 5% of that is $61 bn. That’s **three times** the last defence budget of $22 bn. It’s almost the size of France’s military budget, a country with almost four times the population.
So here’s my wild prediction: it’s a headline grabbing announcement that in reality will involve some incredibly creative accounting. It will probably count everything from civil defence to healthcare (gotta be able to treat the wounded!) to infrastructure (gotta be able to move the army!) to a lot of other stuff that can in any way be argued to be tangentially defence related.