The European Defense Budget refers to the financial allocations and expenditures by European countries for their national defense and collective security initiatives. This budget encompasses funding for military operations, personnel salaries, equipment procurement, training, research and development, and infrastructure maintenance. The term is often associated with the collaborative efforts among European Union (EU) member states to enhance their defense capabilities, improve military readiness, and respond to security threats. In recent years, there has been a growing emphasis on increasing defense spending within Europe, particularly in light of geopolitical tensions. The European Defense Budget may also involve contributions to joint projects and initiatives, such as the European Defense Fund, which aims to promote cooperative defense research and development to strengthen Europe’s strategic autonomy in defense matters. Overall, it reflects the commitment of European nations to invest in their defense capabilities while fostering cooperation on security issues within the region.
Europe embarks on a transformative defense and security era with a plan for 800 billion euros in investments. Aimed at increasing strategic autonomy, the initiative is led by European Commission…