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Europe Daily Bulletin No. 13527
SECURITY - DEFENCE / Defence

Member States’ defence expenditure set to reach €326 billion in 2024, according to European Defence Agency

On Tuesday 19 November, the European Defence Agency (EDA) announced that EU Member States are expected to spend €326 billion on defence in 2024, equivalent to 1.9% of GDP. In 2023, they spent €279 billion (an increase of 10%), but five Member States reduced their spending (Greece, Cyprus, Romania, Croatia and Slovakia).

It seems that 2% will not be enough to meet the challenges we face. More measures will have to be taken”, stressed the High Representative of the Union, Josep...

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