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You have to adjust figures for PPP, or Purchasing Power Parity, due to exchange rate differences. In 2024, Russia's PPP adjusted military spend was somewhere be
by chrisco255 1y ago
You have to adjust figures for PPP, or Purchasing Power Parity, due to exchange rate differences. In 2024, Russia's PPP adjusted military spend was somewhere between $300B and $400B [1][2]. Their technology is also vastly superior to Germany's and they have a much larger personnel. It doesn't matter how much you spend if you don't get your money's worth.
The 100B euro investment was also a temporary one-off budget allocation that had been distributed over the past 2 years and to little effect: https://www.grosswald.org/eu100-billion-later-fixing-the-bundeswehr-wasnt-on-budget/ https://www.grosswald.org/eu100-billion-later-fixing-the-bun...
[1] https://cepr.org/voxeu/columns/debating-defence-budgets-why-military-purchasing-power-parity-matters https://cepr.org/voxeu/columns/debating-defence-budgets-why-...
[2] https://militaryppp.com/blog/ https://militaryppp.com/blog/