A military budget is a financial plan that outlines the funding allocated to a nation’s military forces for a specific period, typically a fiscal year. It encompasses all expenses related to defense activities, including personnel salaries, training, equipment procurement, research and development, operations and maintenance, and infrastructure. The military budget is a crucial component of a country’s overall government budget and reflects its defense priorities and strategic objectives. It is often subject to governmental approval and can be influenced by factors such as national security needs, geopolitical considerations, and economic conditions. Decisions regarding the military budget can impact a country’s military readiness, capability, and international relations.
The European Commission launched an 800 billion euro initiative, "Réarmer l'Europe," to strengthen Europe's defense and security. President Ursula von der Leyen leads this effort to ensure Europe's resilience and…