NATO wants member states to spend 2% of GDP on defence 'According to information released on July 7 by NATO, 10 of 31 alliance members are achieving the current goal of spending two percent of their GDP on defense. In 2014, when the goal was first set, only three hit that mark. All members are hitting the objective of spending 20 percent of their defense spending on new equipment.
Twelve countries are spending better than 1.5 percent of GDP on defense, and only one member—Luxembourg—is spending less than one percent. The overall median is 1.87 percent for the alliance. The values for 2023 are estimates based on member reports, NATO said.
In the 16 months since Russia invaded Ukraine, NATO as a whole has also seen an overall eight percent real increase in defense spending above inflation, compared with two percent in 2022. In the same period, overall NATO member spending on equipment leaped from 8.5 percent real growth to 24.9 percent of real growth above inflation.
Julianne Smith, U.S. Ambassador to NATO, told reporters in a July 7 conference call that new, multi-domain regional defense plans that be rolled out in Vilnius. They cover a range of scenarios, including defending the Atlantic and Arctic, protecting central Europe and the Balkans, and defending southern Europe and the Mediterranean and Black Seas.
In August 2023 The German government on Wednesday stepped back at the last minute from making a legal commitment to meeting NATO’s target of spending 2 percent of GDP on defense on an annual basis, according to Reuters and German newspaper Süddeutsche Zeitung.
A government official told the news agency that a clause pledging to meet the target was deleted at short notice from Finance Minister Christian Lindner’s draft of a new budget financing law, just before the Cabinet passed it to the parliament.' instead they pledge to spend 2% on average over 5 years. They've already been criticised by the US for years for not spending at least 2 % of their budget on defence. https://www.politico.eu/article/germany-defense-change-of-plan-nato-spending/
Overall spending seems to be going how Lockheed Martin et al want it to.
Thank you. Great info and resources and thinking. It’s kind of funny to me to see these “allies” acting like various Mafia gangs in the 30’s, going after each other to consolidate their power. Just shows how the dogs will turn on each other.
The US bankrupting Germany can't be helping happy families! The Empire is already falling apart, but not quickly enough. With the arctic ice melting and Finland and Sweden joining NATO to 'help' them secure access to the oil under it and not let Russia have it (no one would dream of negotiation); it could end up with parts of Europe aligned on opposing sides. Just like the old days.
NATO wants member states to spend 2% of GDP on defence 'According to information released on July 7 by NATO, 10 of 31 alliance members are achieving the current goal of spending two percent of their GDP on defense. In 2014, when the goal was first set, only three hit that mark. All members are hitting the objective of spending 20 percent of their defense spending on new equipment.
Twelve countries are spending better than 1.5 percent of GDP on defense, and only one member—Luxembourg—is spending less than one percent. The overall median is 1.87 percent for the alliance. The values for 2023 are estimates based on member reports, NATO said.
In the 16 months since Russia invaded Ukraine, NATO as a whole has also seen an overall eight percent real increase in defense spending above inflation, compared with two percent in 2022. In the same period, overall NATO member spending on equipment leaped from 8.5 percent real growth to 24.9 percent of real growth above inflation.
Julianne Smith, U.S. Ambassador to NATO, told reporters in a July 7 conference call that new, multi-domain regional defense plans that be rolled out in Vilnius. They cover a range of scenarios, including defending the Atlantic and Arctic, protecting central Europe and the Balkans, and defending southern Europe and the Mediterranean and Black Seas.
NATO Secretary General Jens Stoltenberg said the plans represented a major bulking up of the alliance.' from https://www.airandspaceforces.com/nato-member-defense-spending-summit/
In August 2023 The German government on Wednesday stepped back at the last minute from making a legal commitment to meeting NATO’s target of spending 2 percent of GDP on defense on an annual basis, according to Reuters and German newspaper Süddeutsche Zeitung.
A government official told the news agency that a clause pledging to meet the target was deleted at short notice from Finance Minister Christian Lindner’s draft of a new budget financing law, just before the Cabinet passed it to the parliament.' instead they pledge to spend 2% on average over 5 years. They've already been criticised by the US for years for not spending at least 2 % of their budget on defence. https://www.politico.eu/article/germany-defense-change-of-plan-nato-spending/
Overall spending seems to be going how Lockheed Martin et al want it to.
Thank you. Great info and resources and thinking. It’s kind of funny to me to see these “allies” acting like various Mafia gangs in the 30’s, going after each other to consolidate their power. Just shows how the dogs will turn on each other.
The US bankrupting Germany can't be helping happy families! The Empire is already falling apart, but not quickly enough. With the arctic ice melting and Finland and Sweden joining NATO to 'help' them secure access to the oil under it and not let Russia have it (no one would dream of negotiation); it could end up with parts of Europe aligned on opposing sides. Just like the old days.