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Austria Boosts its Defense Budget
As many European countries increase their defense budgets in the wake of the war in Ukraine, Austria is no exception. The Austrian army will receive more money in the coming years, a total of 16 billion euros until 2026, the federal government of Austria announced.
Press conference on the budget with Chancellor Karl Nehammer (l.), Defense Minister Klaudia Tanner (m.) and Finance Minister Magnus Brunner (r.). / Picture: © Bundesheer /Carina KARLOVITS
The Austrian Armed Forces are to receive more money in 2023, from 2.7 billion to 3.38 billion euros, the Austrian government announced. The goal, according to which the army budget accounts for 1.5 percent of the gross domestic product GDP, is to be reached by 2027. In the next four years, a total of 16 billion euros will thus flow into national defense. This means that Austria's armed…
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