Official EU budget documents and announcements

EU Defense Chief Andrius Kubilius Proposes €100B Increase for Defense Amid Russian Threats, Current Budget Allocates €10B

Dec 8, 2024, 04:34 PM

The European Union is preparing to significantly increase its defense spending in response to perceived threats, particularly from Russia. Andrius Kubilius, the EU's first-ever Commissioner for Defense and Space, has proposed that the EU's next seven-year budget allocate approximately €100 billion for defense initiatives. This request comes as part of a broader strategy to enhance the EU's military capabilities. Currently, the EU's existing seven-year budget, which exceeds €1 trillion, allocates only €10 billion for defense. Kubilius emphasized the need for substantial spending and policy changes to bolster the EU's defenses, indicating a shift in strategy that reflects the lessons of history regarding the importance of preparedness for conflict. Additionally, discussions are underway regarding a potential Defense Fund exceeding €500 billion, highlighting the EU's commitment to strengthening its military readiness.