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Title : NATO To Increase Defense Spending By $100 Billion
link : NATO To Increase Defense Spending By $100 Billion
NATO To Increase Defense Spending By $100 Billion
Army Technology: NATO to increase defence spending by $100bn amid US criticism
Non-US members of the North Atlantic Treaty Organization (NATO) will invest a further $100bn in defence spending, according to secretary general Jens Stoltenberg.
A NATO official told Army Technology: “At the Wales Summit in 2014, all NATO allies agreed to stop cutting defence budgets, increase defence expenditures as GDP grows, and aim to move towards spending 2% of their GDP on defence within a decade.
“In the last years, allies have made steady progress and from 2016, European allies and Canada have spent an extra 41 billion dollars on defence in real terms. Last week in Davos, the NATO Secretary General announced that European allies and Canada ’will add $100 billion by the end of next year‘. This figure is based on allies’ annual national plans on defence.
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WNU Editor: We shall see if these NATO member states keep their promises.
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Army Technology: NATO to increase defence spending by $100bn amid US criticism
Non-US members of the North Atlantic Treaty Organization (NATO) will invest a further $100bn in defence spending, according to secretary general Jens Stoltenberg.
A NATO official told Army Technology: “At the Wales Summit in 2014, all NATO allies agreed to stop cutting defence budgets, increase defence expenditures as GDP grows, and aim to move towards spending 2% of their GDP on defence within a decade.
“In the last years, allies have made steady progress and from 2016, European allies and Canada have spent an extra 41 billion dollars on defence in real terms. Last week in Davos, the NATO Secretary General announced that European allies and Canada ’will add $100 billion by the end of next year‘. This figure is based on allies’ annual national plans on defence.
Read more ....
WNU Editor: We shall see if these NATO member states keep their promises.
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