Closing ‘Peacetime’ Defense Funding Gap To Cost Billions, Report Says
December 09 2022
A new German Defense Ministry report has acknowledged significant capability gaps due to "peacetime" underfunding, reports Breaking Defense.
The selected procurement report published on Tuesday also said that filling those gaps would take time.
Germany's draft 2023 budget will be set at 50.1 billion euros (US$52.9 billion), about 300 million euros (US$316 million) less than the official 2022 total.
The ministry forecast that procurement spending would increase dramatically to 15...
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