This article analyses the impacts of the austerity cuts on the defence spending and armed forces of the V4 countries. This is achieved through combination of three analytical approaches - firstly by looking at defence expenditure in constant $ from SIPRI data, secondly by comparing the respective structures of these defence budgets from the NATO data, and thirdly by analysing how these developments and economic realities translated into the level of the respective national armies and if/how were the political ambitions for foreign deployments for these armies modified, if/how was the force structure reformed, if/which capabilities were slashed and if/which modernisation plans were postponed.
This research design yielded several results even though the utility of the V4 analytical framework proved to be, thanks to vast discrepancies between the sample countries, limited. The conditions of small states armies did not allow the V4 countries to make significant cuts in the number of military personnel as bigger countries in Europe were able to execute in order to protect their equipment expenditures that are vital for modernisation.
Consequently, the V4 countries were left with soaring personnel expenditures and gradually diminishing funds for investments. Curiously, Slovakia proved to be the only country where the decline in defence expenditure can be at least partially tied to austerity cuts and the economic crisis.