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Main Diplomacy Poland has approved the budget for the next year, with nearly 5% of GDP allocated to defense

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Poland has approved the budget for the next year, with nearly 5% of GDP allocated to defense

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Poland has approved the budget for the next year, with nearly 5% of GDP allocated to defense

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The Polish government has approved the draft budget for the next year, which includes record defense spending amounting to nearly 187 billion złoty (approximately $48 billion).

This was announced by Polish Prime Minister Donald Tusk and Polish Finance Minister Andrzej Domański during a joint press conference in Warsaw on Wednesday.

“We have prepared a budget for construction and strength: we will build what is needed for Poland’s immediate security as well as energy security. We have also agreed on record defense spending, which amounts to over 186 billion złoty,” said Tusk.

He added that this represents a significant increase compared to this year, which was also a record year for defense spending.

Minister Domański emphasized that next year, defense spending in Poland will amount to nearly 187 billion złoty, which will be 4.7% of the country’s GDP.

If Poland approves such record defense spending, it will become the leader among all NATO countries in this regard. Currently, the highest defense expenditures in NATO are by Poland, Estonia, the USA, Latvia, and Greece. Meanwhile, two-thirds of NATO countries do not spend 2% of their GDP on defense, which is one of the Alliance’s requirements.

The draft budget still needs to be approved by the Polish parliament and signed by the President of Poland.

The Odessa Journal
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