• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026

Not ‘My Place to Use My Stage’ to ‘Tell People How to Think or How to Vote’

June 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, June 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

    June 23, 2026

    Democrats Are Turning Out In Droves — Even In MAGA Country

    June 23, 2026

    Trump’s Midterm Election Rigging Scheme Handed Big Loss

    June 23, 2026

    Senate Passes Major Housing Bill As Citizens Continue To Miss Out On Key Pillar Of American Dream

    June 22, 2026

    Trump Melts Down When Reporters Challenge His Reflecting Pool Vandalism Story

    June 22, 2026
  • Health

    Kidney transplant, livestock disease, Texas: Morning Rounds

    June 22, 2026

    The Hidden Hormone Controlling Your Energy, Mood, And Recovery

    June 22, 2026

    A New Way To Hit Pancreatic Cancer’s Hardest Target

    June 22, 2026

    Ebola Congo: 1,000 cases, 254 deaths, still a search for patient zero

    June 22, 2026

    What GenAI’s Math Breakthrough Means For Medicine

    June 22, 2026
  • World

    Polish President to Strip Zelensky of Top Honor over WW2 Dispute

    June 23, 2026

    Supreme Court Reinstates Murder Conviction In Case Of Etan Patz, Missing NYC Boy

    June 23, 2026

    51 Dead or Missing After Migrant Boat Capsized Off Libya Coast

    June 23, 2026

    World Cup Tourists Share First Impressions Of The U.S.

    June 23, 2026

    Leftist Terrorist With Airline Hijack Links on Party Ballot in Germany

    June 23, 2026
  • Business

    Influential Economic Policy Center Bankrolled By Shady Dating App Founder

    June 19, 2026

    Dem Senator‘s 22-Year-Old Son Raises Eyeballs After Raking In $30 Million Investment

    June 19, 2026

    Jeff Bezos Claims AI Boom Will Actually Lead To Labor Shortages

    June 17, 2026

    Are You Gay Enough To Get A California Utilities Contract? Here’s The Test

    June 17, 2026

    Jersey Mike’s Overtakes Chick-Fil-A As Highest Rated Fast Food Chain

    June 17, 2026
  • Finance

    Intel CEO gives investors a reality check

    June 23, 2026

    China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

    June 23, 2026

    Borrowing need will dictate your interest rate

    June 23, 2026

    52-year-old Outback Steakhouse rival chain closes 24 locations

    June 22, 2026

    Ex-Trump advisor makes bold case for Bitcoin

    June 22, 2026
  • Tech

    Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

    June 23, 2026

    Netflix’s Mega Podcast Venture Failing to Earn Fans

    June 23, 2026

    Texas Grandma Killed by Tesla Crashing into Home, Driver Claims ‘Autopilot’ Active

    June 22, 2026

    Asbestos Discovered in 1,000 UK Wind Turbines Imported from China

    June 22, 2026

    ‘F**k These Weird Ass Vultures’

    June 22, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»World»Germany Using Accounting Trick to Meet NATO Defence Obligations
World

Germany Using Accounting Trick to Meet NATO Defence Obligations

August 9, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

NATO requires its members spend two per cent of GDP annually on defence, a figure that only a handful manage. Germany has promised to meet its obligation, but to make sure it does so before the next election the government is apparently rolling in previously uncounted spending, like interest payments.

Germany will reclassify some other government expenses as “defence-related” to inflate the proportion of the economy devoted to military spending to hit the NATO treaty obligations by next year, a report in broadsheet Die Welt claims. Per those claims, one of the newly “defence-related” areas of spending will be a proportion of federal debt servicing — interest payments — that will swell the theoretical defence spend by five billion euros ($5.5 billion) over the next year.

Trump Blasts Hypocritical Germany as ‘Captive of Russians’ at NATO summit https://t.co/tXeNwg8LMO

— Breitbart London (@BreitbartLondon) July 11, 2018

Welt reports political opponents to Geramny’s Left-Green coalition government as criticising the move as dishonest, and a bid to hide the fact the German military is seriously short on equipment — an issue seriously exacerbated by the amount of materiel that has been donated to Ukraine in the past year.

Every one of NATO’s 31 members are bound by a treaty obligation to spend two per cent of their GDP on defence, an answer to mutual defence that allows those in the alliance with the broadest shoulders to bear the greatest strain, but also not allowing others a free ride. Actually, just seven of those 31 do spend two per cent a year: Greece, the United States, Poland, the United Kingdom, Estonia, Latvia and Lithuania.

See also  Trump To Meet With Massive Union As He Battles Biden For Big Labor Support

After Russia relaunched its invasion of Ukraine last year priorities in Europe changed to some extent, and Germany said it was going to make an effort to boost its defence spending to two per cent after years of being deficient, but the gap to close is a considerable one: Germany’s figure was just 1.5 per cent in 2021. The threat presented by Germany’s willingness to cosy up to Russia for cheap energy while simultaneously neglecting its own military was a key theme of the warnings made by President Donald Trump in 2018 when he said Germany should be a more reliable NATO ally.

He said then: “We’re paying a lot of money to protect, this has been going on for decades… it’s very unfair to our country, it’s very unfair to our taxpayers… these countries need to step it up, not over a ten year period, but immediately.”

Despite Germany moving to pay more for defence, there are still serious concerns about the quality of its own military. As reported this year, Germany’s own defence minister said his armed forces were incapable of defending the nation, never mind leap to the aid of other NATO allies if they were invaded.

While Germany’s accounting trick has been criticised as dishonest, it would not be alone in NATO in ‘cooking the books’ in this way. Even the United Kingdom, long seen as one of the most reliable NATO allies, avoided dropping below the two per cent threshold in 2016 as predicted by inflating its figures by rolling in the cost of military pensions and some intelligence work for the first time.

See also  Ukraine President Volodymyr Zelensky Expected To Meet Pope Francis Tomorrow: Report

The move was criticised by some as “creative accounting” at the time, but the change in accounting methods was accepted as legitimate by NATO.

NATO Chief Agrees With Donald Trump, Europe Should Stump Up More Cash For Military Alliance https://t.co/KxcgHd1lAI pic.twitter.com/KgmShhaCu9

— Breitbart London (@BreitbartLondon) June 8, 2016

Accounting Defence Germany Meet NATO Obligations Trick
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Polish President to Strip Zelensky of Top Honor over WW2 Dispute

June 23, 2026

Supreme Court Reinstates Murder Conviction In Case Of Etan Patz, Missing NYC Boy

June 23, 2026

51 Dead or Missing After Migrant Boat Capsized Off Libya Coast

June 23, 2026

World Cup Tourists Share First Impressions Of The U.S.

June 23, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Isomorphic Labs’ $2.1 Billion Fundraise Is The Biggest Bet Yet On AI Drug Discovery

May 14, 2026

Things You Need To Know About Assisted Living

October 9, 2024

How To Use Essential Oils In The Shower: A Few Ideas

June 9, 2023

CAR T Therapy Dramatically Reduces Risk Of Relapse For Multiple Myeloma

May 2, 2023
Don't Miss

Intel CEO gives investors a reality check

Finance June 23, 2026

AI stock investors have essentially been trained to follow a rule to invest in businesses…

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026

Not ‘My Place to Use My Stage’ to ‘Tell People How to Think or How to Vote’

June 23, 2026

Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

June 23, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,386)
  • Entertainment (5,257)
  • Finance (3,886)
  • Health (2,326)
  • Lifestyle (1,893)
  • Politics (3,653)
  • Sports (4,616)
  • Tech (2,296)
  • Uncategorized (4)
  • World (5,164)
Our Picks

Newsom ‘Flexible Enough’ to Admit Woke Failures if He Thinks That’s Expedient

June 21, 2026

CDC comes under fire for inadequate update on its Covid response

June 10, 2023

‘You Want To Go Eat At Chick-Fil-A?’: Country Singer Cody Johnson Fires Off At Critics Of His Bear Hunt Adventure

June 4, 2026
Popular Posts

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026

Not ‘My Place to Use My Stage’ to ‘Tell People How to Think or How to Vote’

June 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.