Latest news with #Bundesrechnungshof
Arab News
4 days ago
- Business
- Arab News
German army must use new funds responsibly, auditors say
In March, Germany's parliament approved plans for a massive spending surge Key recommendations include a thorough review of tasks, prioritization of defense-critical dutiesBERLIN: The German army must undergo significant organizational and personnel reforms to effectively utilize increased defense spending, the country's federal audit institute said on Tuesday in a special March, Germany's parliament approved plans for a massive spending surge, largely removing defense investment from the rules that cap Bundesrechnungshof report highlights that despite relaxed debt rules, the Bundeswehr must prioritize its core mission of national and alliance defense while reducing administrative processes.''Whatever it takes' must not become 'money doesn't matter!'' said Kay Scheller, president of the institute, emphasising the need for responsible financial management and increased efficiency in defense recommendations include a thorough review of tasks, prioritization of defense-critical duties, and restructuring the Bundeswehr to focus on 'more troops, less administration.'The Bundesrechnungshof recommends careful justification of financial needs, conducting efficiency analyzes, as well as maintaining a balance between time, cost and quality.'It is crucial that these funds are used responsibly to significantly increase the effectiveness of defense spending,' Scheller said.
Yahoo
4 days ago
- Business
- Yahoo
German army must use new funds responsibly, auditors say
By Maria Martinez BERLIN (Reuters) - The German army must undergo significant organisational and personnel reforms to effectively utilise increased defence spending, the country's federal audit institute said on Tuesday in a special report. In March, Germany's parliament approved plans for a massive spending surge, largely removing defence investment from the rules that cap borrowing. The Bundesrechnungshof report highlights that despite relaxed debt rules, the Bundeswehr must prioritise its core mission of national and alliance defence while reducing administrative processes. "'Whatever it takes' must not become 'money doesn't matter!'" said Kay Scheller, president of the institute, emphasising the need for responsible financial management and increased efficiency in defence spending. Key recommendations include a thorough review of tasks, prioritisation of defense-critical duties, and restructuring the Bundeswehr to focus on "more troops, less administration." The Bundesrechnungshof recommends careful justification of financial needs, conducting efficiency analyses, as well as maintaining a balance between time, cost and quality. "It is crucial that these funds are used responsibly to significantly increase the effectiveness of defence spending," Scheller said.
Straits Times
4 days ago
- Business
- Straits Times
German army must use new funds responsibly, auditors say
FILE PHOTO: Soldiers stand next to the IRIS-T SLM air defence system at the German army Bundeswehr barracks Todendorf in Panker, Germany September 4, 2024. REUTERS/Fabian Bimmer/File Photo German army must use new funds responsibly, auditors say BERLIN - The German army must undergo significant organisational and personnel reforms to effectively utilise increased defence spending, the country's federal audit institute said on Tuesday in a special report. In March, Germany's parliament approved plans for a massive spending surge, largely removing defence investment from the rules that cap borrowing. The Bundesrechnungshof report highlights that despite relaxed debt rules, the Bundeswehr must prioritise its core mission of national and alliance defence while reducing administrative processes. "'Whatever it takes' must not become 'money doesn't matter!'" said Kay Scheller, president of the institute, emphasising the need for responsible financial management and increased efficiency in defence spending. Key recommendations include a thorough review of tasks, prioritisation of defense-critical duties, and restructuring the Bundeswehr to focus on "more troops, less administration." The Bundesrechnungshof recommends careful justification of financial needs, conducting efficiency analyses, as well as maintaining a balance between time, cost and quality. "It is crucial that these funds are used responsibly to significantly increase the effectiveness of defence spending," Scheller said. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Reuters
4 days ago
- Business
- Reuters
German army must use new funds responsibly, auditors say
BERLIN, May 27 (Reuters) - The German army must undergo significant organisational and personnel reforms to effectively utilise increased defence spending, the country's federal audit institute said on Tuesday in a special report. In March, Germany's parliament approved plans for a massive spending surge, largely removing defence investment from the rules that cap borrowing. The Bundesrechnungshof report highlights that despite relaxed debt rules, the Bundeswehr must prioritise its core mission of national and alliance defence while reducing administrative processes. "'Whatever it takes' must not become 'money doesn't matter!'" said Kay Scheller, president of the institute, emphasising the need for responsible financial management and increased efficiency in defence spending. Key recommendations include a thorough review of tasks, prioritisation of defense-critical duties, and restructuring the Bundeswehr to focus on "more troops, less administration." The Bundesrechnungshof recommends careful justification of financial needs, conducting efficiency analyses, as well as maintaining a balance between time, cost and quality. "It is crucial that these funds are used responsibly to significantly increase the effectiveness of defence spending," Scheller said.
