#NATO - Why the 2% of GDP Spending Goal May Need to Rise: Bloomberg

11 December 2024

NATO plans to set new targets for members to produce more weapon systems, including tanks and planes. This may require raising the alliance’s defense spending goal to as much as 3% of gross domestic product, according to officials familiar with the matter. NATO currently asks allies to spend 2% of GDP. 

Bloomberg's Andrea Palasciano reports.