Nine of the ten largest Dutch pension funds invest in arms manufacturers who supply systems to countries that violate human rights, such as Saudi Arabia. In total these pension funds invest over a billion euros in 14 of these types of arms companies, NRC reports based on the Fair Pension Guide study by peace organization PAX.
The Dutch government's defense expenditure decreased by 191 millions euro to 7.4 billion euros last year. Investments in new military weapons showed a particularly strong decrease. The biggest expenses - wages and social contributions - remained the same.