Agreement on the spending target was one of two outstanding issues ahead of a two-day NATO summit next week in Lithuania
NATO allies have reached agreement to raise the alliance’s target for military spending to at least 2% of national GDP, two diplomats told Reuters late on Friday.
Agreement on the new spending target was one of the outstanding issues ahead of a two-day NATO summit on Tuesday and Wednesday next week in Vilnius. In 2023, even the old target will be met by only 11 of the 31 members of the alliance, according to NATO estimates. The goal was set in 2014, when NATO leaders agreed to increase spending toward 2% of their GDP on defence within a decade.
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