Germany pledges to hit 3. 5 percent defense spending target by . . . For 2025, Berlin has allocated €86 billion to defense, equal to 2 4 percent of gross domestic product, officials said By 2029, annual defense expenditures are expected to reach €153 billion, or 3 5 percent of GDP — marking the country’s most ambitious rearmament effort since reunification
Explainer: What is NATOs new 5% defence spending target? They will be expected to meet the target by 2035 The EU is allowing members to raise defence spending by 1 5% of GDP each year for four years without any Some European countries are
European Countries’ Defence Spending Depends on Threat . . . European sovereigns are under pressure to raise spending in response to geopolitical changes driven by the new US administration, and NATO is likely to raise its defence spending target to 3% to 4% of GDP, from 2%
NATO leaders agree to hike military spending and restate . . . Last year, 22 countries were expected to hit that target, up from just three a decade ago In The Hague, the allies plan a major revamp of their spending targets They are expected to up the ante for what NATO calls “core defense spending” to 3 5%, while changing how it’s counted to include providing military support to Ukraine
Europe will need to pull all the levers to up its defence . . . There are three ways to find the extra 1 9% of GDP that would be needed both to boost defence spending to 3 5% of GDP a year and, in addition, replace American support for Ukraine The first is