AN ALTERNATIVE MODEL FOR DETERMINING THE RATIONAL AMOUNT OF FUNDS ALLOCATED TO DEFENCE OF THE CR.
Journal: Obrana a strategie (Defence & Strategy)
Year: 2023

The present paper presents an alternative approach to determining rational defence spending of the Czech Republic concerning the evolution of a society’s wealth, expressed in terms of the financial valuation of tangible fixed assets. The authors describe the view that the government’s stated commitment to defence spending of 2% is a political decision that does not reflect the impact of the wealth achieved by society, the likelihood of an attack by a foreign power, and the expected level of dama