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2mo ago

NATO Report Shows 19.6% Jump in European and Canadian Defense Outlays

A new 5% spending aim raises pressure for further budget growth.

Verteidigungsminister Pistorius winkt von einem Marineschiff
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Nach eindringlichen Forderungen aus den USA haben die europäischen Nato-Mitglieder und Kanada ihre Verteidigungsausgaben im vergangenen Jahr deutlich erhöht.
Nato-Generalsekretär Mark Rutte stellt in Brüssel den Jahresbericht des Verteidigungsbündnisses vor.

Overview

  • European allies and Canada lifted defense spending by 19.6% to $574 billion, according to NATO's latest accounting.
  • Germany increased its defense budget by about 20% to €88.8 billion, with €106.9 billion before inflation and exchange-rate adjustments.
  • The United States remained the largest spender at $838 billion by NATO's tally despite a 1.4% decline.
  • All NATO members except Iceland now meet the alliance's guideline to spend at least 2% of national GDP on defense.
  • Leaders set a higher bar at the June summit of 3.5% for defense plus 1.5% for related needs such as infrastructure, and only Poland, Lithuania and Latvia currently clear the 3.5% mark.