BONN - The German Defense Department has been given an additional year to achieve its saving targets of 8.3 billion euros (11.43 billion).
According to the German Treasury Department, part of these cuts, which were agreed upon last June, now will be stretched from 2014 to 2015. However, the 8.3 billion-euro figure will not be changed.
Under the original plan, the budget would be cut by 1 billion euros in 2013 and an additional 3 billion euros in 2014 as part of the military's structural reform. In addition, the department had to save about 600 million euros in 2011, about 1.1 billion euros in 2012, and another 1.3 billion euros in 2013 and in 2014 in its administrative sector.
The Defense Department declined comment before the new savings plans is drawn up.
The defense budget cuts are part of the German government's overall austerity package, aimed to reduce its global expenditures by around 80 billion euros until 2014.
According to the German Treasury Department, part of these cuts, which were agreed upon last June, now will be stretched from 2014 to 2015. However, the 8.3 billion-euro figure will not be changed.
Under the original plan, the budget would be cut by 1 billion euros in 2013 and an additional 3 billion euros in 2014 as part of the military's structural reform. In addition, the department had to save about 600 million euros in 2011, about 1.1 billion euros in 2012, and another 1.3 billion euros in 2013 and in 2014 in its administrative sector.
The Defense Department declined comment before the new savings plans is drawn up.
The defense budget cuts are part of the German government's overall austerity package, aimed to reduce its global expenditures by around 80 billion euros until 2014.
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