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yesterday

NATO Leaders Commit to 5% of GDP Defense Spending by 2035

Annual plans will require 3.5% of GDP for core defense spending with 1.5% dedicated to infrastructure resilience under a 2029 review.

FILE - The European Union flag stands inside the atrium at the European Council building in Brussels, June 17, 2024. (AP Photo/Omar Havana, file)
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Photo composite illustration of penny jars labelled with NATO countries

Overview

  • The agreement raises NATO’s defense spending benchmark from 2% to 5% of GDP by 2035, making it the alliance’s most ambitious funding plan.
  • Allies will allocate 3.5% of GDP to core military capabilities and permit 1.5% for related infrastructure, cybersecurity, and civil preparedness.
  • Each member must submit annual spending plans charting credible increases toward the 5% target, with a strategic review scheduled for 2029.
  • The declaration reaffirmed Article 5 collective defense and allowed contributions to Ukraine’s military and defense industry to count toward spending.
  • Spain has warned that reaching the new target could force cuts to social programs, and partners like South Korea may face similar fiscal pressures.