Menu

Czechia Allocates 2% of GDP for Defence for First Time in 20 Years in Accordance With NATO Standard

By
Photo: Czechia Allocates 2% of GDP for Defence for First Time in 20 Years in Accordance With NATO Standard. Source: mocr-mo.gov.cz
Photo: Czechia Allocates 2% of GDP for Defence for First Time in 20 Years in Accordance With NATO Standard. Source: mocr-mo.gov.cz

For the first time, the Czech government has fulfilled its commitment to spend 2% of GDP on defence, in line with the NATO minimum standard, the Czech Ministry of Defence reports.  

As of today, at least 24 out of 32 NATO member states have reached this target, while in 2021, only six countries met this goal.  

In 2024, the Czech Republic spent CZK 166.8 billion on defence, which is 2.09% of its GDP, according to November's macroeconomic forecasts. Thus, the country reached the target level a year earlier than planned.  

Defence Minister Jana Černohová noted that defence funding needs to grow further, as 2% of GDP should be a minimum level, not a ceiling.  

NATO will complete the final analysis of defence spending in the second quarter of this year, including an assessment of the methodology and official GDP data.  

Earlier, Ukrainian President Volodymyr Zelenskyy said that Ukraine was ready to join NATO even with the temporarily occupied territories. In this case, Article 5 of the Alliance will apply only to the territories controlled by Kyiv.

Recommended

Latest news

US Warns Apple and Google to Remove TikTok from App Stores on 19 January

12.16.2024 16:22
Life

The Best Christmas Trees and Markets in Europe

12.14.2024 09:05
Economics

Cryptocurrency Market: Greed Above All

12.13.2024 15:30
Culture

Christmas Is All Around You

12.13.2024 13:07
Technology

Latest Gaming Releases of 2024

12.12.2024 16:05

Similar articles

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them. Cookie Policy

Outdated Browser
Для комфортної роботи в Мережі потрібен сучасний браузер. Тут можна знайти останні версії.
Outdated Browser
Цей сайт призначений для комп'ютерів, але
ви можете вільно користуватися ним.
67.15%
людей використовує
цей браузер
Google Chrome
Доступно для
  • Windows
  • Mac OS
  • Linux
9.6%
людей використовує
цей браузер
Mozilla Firefox
Доступно для
  • Windows
  • Mac OS
  • Linux
4.5%
людей використовує
цей браузер
Microsoft Edge
Доступно для
  • Windows
  • Mac OS
3.15%
людей використовує
цей браузер
Доступно для
  • Windows
  • Mac OS
  • Linux