NATO boosts defense spending near 4%
NATO member countries and Canada have increased their defense spending to approximately 4% of GDP, with a continued trend toward raising expenditures to reach a target of 5% by 2035. The countries have committed to additional investments estimated at $258 billion over 2025 and 2026. This move comes ahead of the Alliance’s summit in Ankara, where new defense contracts worth billions of dollars are expected to be announced.
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