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defence spending
Politics / 22 weeks ago
NATO allies boost defence budgets as U.S. military spending remains unmatched
The North Atlantic Treaty Organisation (NATO) is undergoing a seismic financial transformation. In what analysts call the most significant defence spending shift since the Cold War, member states have agreed to ramp up military budgets from 2% to 5% of GDP, dramatically altering the alliance’s strategic and fiscal landscape. This change comes as Al Jazeera and other global outlets report that U.S. military spending nearly doubles the combined budgets of all its NATO allies. The move to increase commitments is seen as both a response to growing global threats and a bid to ease the burden long shouldered by Washington.
Politics / 22 weeks ago
NATO defence spending soars: Poland and Estonia lead in 2024 military investment
NATO member states this week agreed to raise their defence investment target to 5% of GDP by 2035, replacing the longstanding 2% benchmark set in 2014. This landmark decision, confirmed during a joint summit and reported by Reuters, underscores the alliance’s heightened concern over geopolitical threats, particularly from Russia and China.
