NATO Chief Rutte: Alliance Members Progressing Toward 5% Defence Spending Goal

Consensus of the Bankinter Market NATO proposes to increase the target of defense spending to 5% /GDP (vs 2% current).The total investment would be distributed as follows: 3.5% /GDP in defense (combat tanks, air defense, aircraft...) and the remaining 1.5% in complementary defense expenses. The latter would include cybersecurity, protection of spending on critical infrastructure and space-related activities, among others. Review team opinion: G…

NATO Secretary-General Mark Rutte said the main objective of the NATO Summit in The Hague, which will take place from 24 to 25 June, would be to increase the defence expenditure of the allies. The aim is to raise the target from 2 to 5% of GDP by 2032. Currently, out of the 32 countries, only 23 members devote the required 2% to military needs. Several others hope to achieve this indicator by the end of this year. From this point of view, (...)

NATO Plans New Defense Spending Threshold, Germany Announces Military Aid and Investment in Ukraine's Defense Industry, and Asseco Sees Record Profit and Announces More Acquisitions.

With the biggest increase in defense spending in decades, the Iberian country is reluctant to continue to increase the figure. The heads of diplomacy in Germany and the US are pressing Madrid, NATO is afraid of losing unity if Spain does not give in, and the Spanish government announces social aid for young people as a brake on future discontent.

NATO Chief Rutte: Alliance Members Progressing Toward 5% Defence Spending Goal

In the upcoming NATO summit in June, NATO Secretary General Mark Rutte confirmed the alliance would seek to adopt a new defence spending target of 5% of GDP. The demand that has long been raised by US President Donald Trump seemed unrealistic. During a televised question and answer session at the NATO parliamentary assembly in […] The post NATO Chief Rutte: Alliance Members Progressing Toward 5% Defence Spending Goal appeared first on TFIGlobal.