The North Atlantic Alliance has increased the budgets for the year 2024. This information was reported on the official NATO portal.
During the meeting of the North Atlantic Council on December 13, Alliance members approved the civilian and military budgets for 2024. The civilian budget amounts to €438.1 million, and the military budget is €2.03 billion, which is 18.2% and 12% more than in 2023, respectively.
The NATO civilian budget provides funds for personnel, operational expenses, and headquarters and international staff program costs. The military budget covers the operational expenses of NATO headquarters, command structures, as well as missions and operations worldwide.
The third major element of NATO's common funding is the NATO Security Investment Programme, which includes large construction projects and investments in command and control systems. The ceiling for 2024 is €1.3 billion, which is 30% more than in 2023.
NATO Deputy Secretary-General Mircea Geoană emphasized that the increase and expansion of the use of NATO's common funding allow Alliance members to more effectively address common security challenges.
"Common funding is a manifestation of solidarity and collective determination of Alliance members, especially in the current difficult circumstances," said the NATO official.
Following the approval of the annual budget by the North Atlantic Council, its participants stated in a statement on the Alliance's portal that the budgets of common funding strengthen NATO, providing essential capabilities, ensuring deterrence, defense, and operational interoperability, as well as supporting consultations and decision-making at the highest level. NATO seeks to ensure security in an effective, transparent, and financially responsible manner.
