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Germany could again miss the target announced by Chancellor Olaf Scholz of spending two percent of economic output on defense in 2024, according to calculations by the Ifo Institute. The draft budget. ....
Despite the recent aggressive actions by Russia in Ukraine, many NATO countries are lagging behind in increasing their defense spending. According to a press release by the ifo Institute, the majority of NATO members are falling short of the goal of allocating 2 percent of their economic output to defense expenditures in 2023. This news raises concerns about the collective defense capabilities of the alliance and the commitment of its members to ensuring their own security. ....