The Strategist

NATO to increase military budget by 25% in 2023

12/15/2022 - 08:43

NATO has approved the military budget for 2023 at €1.96 billion, a 25.8% increase over current year, reported the press office for the alliance.

"At a North Atlantic Council meeting on Wednesday, allies reached an agreement on the military and civilian budgets for NATO in 2023. With an increase of 27.8% and 25.8% over 2022, the civil budget is set at €370.8 million, and the military budget is set at €1.96 billion," the press office stated in a release.

The alliance members decided to increase the budget during the NATO summit in Madrid in response to deteriorating security conditions brought on by the war between Russia and Ukraine.

The operating, employee, and program expenditures for NATO's international headquarters will be covered by money from the civilian budget. According to the press office, the military budget will pay for missions and activities around the world as well as the operational costs of the NATO Command Structure Headquarters.

Additionally, NATO declared that it will raise the Security Investment Program's budget cap (NSIP). It will reach €1 billion in 2023, a 26.6 percent rise over 2022.