Prime Minister Najib Mikati told the Paris conference on Lebanon that the arms monopoly must be returned to the Lebanese state and army…
Britain is expected to increase defence spending by more than $1.21 billion over the next two years in order to avoid a real-terms cut.
At the same time, Finance Minister Jeremy Hunt is expected to announce a budget increase in spring, according to The Telegraph.
The newspaper reported that defence experts estimate that the Ministry of Defence budget for 2024/25 should rise to 50.1 billion pounds ($60.39 billion) from 48.6 billion pounds (58.58 billion dollars) in order to avoid a real-terms cut as inflation remains greater than 10%.
Hunt said in November that the government acknowledged the need to increase defence spending and confirmed it would keep the defence budget to at least 2% of GDP, as stipulated by London’s NATO commitment.
Source: CNN Greece
Also read: NATO | Member-states agree to considerably increase 2023 budget
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