NATO Secretary General Jens Stoltenberg announced on Wednesday that a record number of allies – 18 of 31 member states – are poised to meet the alliance’s defense spending target of 2% of GDP this year, with prospects for an increase as budgets are reviewed.
Signaling a long-awaited shift in its approach to national security, Germany has met the defense spending benchmark for the first time since the early 1990s. A study by the German Economic Institute indicated the country’s defense forces had a funding shortfall of at least $425 billion below NATO standards from 1990 until the early 2020s.
Receive Unlimited Access to ALL Newsmax Platinum Reports!
By becoming an exclusive Newsmax Platinum member, you receive:
- special investigative reports
- breaking political insider news, including VIP interviews from Washington
- in-depth interviews with A-list celebs driving the day’s headlines
- thousands of articles you won’t find anywhere else!
All just by becoming a Newsmax Platinum Member today!
