World News | Czech Government OKs Bill for 2 Per Cent GDP Spending on Military
Get latest articles and stories on World at LatestLY. The Czech government on Wednesday approved a bill aimed at bringing defense spending at the required NATO goal of 2 per cent of gross domestic product as Russia's war in Ukraine continues.
Prague, Jan 4 (AP) The Czech government on Wednesday approved a bill aimed at bringing defense spending at the required NATO goal of 2 per cent of gross domestic product as Russia's war in Ukraine continues.
Defence Minister Jana Cernochova said the move would “ensure a stable and transparent financing of big defense strategic projects in the future".
Cernochova said the war in Ukraine “made it clear we have to be ready for the current and future conflicts and that's why a fast modernisation of the army is absolutely necessary”.
Although the Czechs will spend only 1.52 per cent of GDP on defence this year, the 2 per cent target should be reached in 2024 once the bill is approved in parliament where the governing coalition has a majority in both chambers.
NATO members agreed in 2014 to commit to the 2 per cent spending target by 2024. Currently, only nine of the Western military alliance's 30 members meet or surpass that goal.
The US, which provides the bulk of NATO forces, has had a long-standing complaint that several of its European allies don't pitch it enough.
The Russian invasion of Ukraine has expedited the modernisation of the Czech military with the planned, multi-billion euro procurement of new armaments.
The Czechs have been negotiating with the US about a possible purchase of 24 F-35 fighter jets and holding talks with Sweden for the acquisition of 210 CV90 armoured vehicles.
Czechia has been a staunch supporter of Ukraine, donating Soviet-era weaponry to Ukrainian forces, including tanks. It has also issued almost 475,000 visas to Ukrainian refugees affording them access to health care, financial help, work permits and other benefits. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)