NATO Allies Surge Towards 2% Military Spending Target in 2024

A senior U.S. defense official announced that at least two-thirds of the 32 NATO allies are expected to meet the alliance's 2% military spending target by 2024. This marks impressive progress since the target was instituted in 2014, when only three allies met the goal.

At least two thirds of the 32 NATO allies are likely to meet the alliance's 2% military spending target this year, a senior U.S. defence official said on Thursday.

"I think we'll be able to say that at least two thirds of the alliance, maybe even more than two thirds of the alliance, are on track to meet the 2% ... investment budget target in 2024," the official said on the sidelines of a NATO meeting in Brussels.

"If we compare that to 2014, when we had just three allies meeting that target, that's the year the pledge was instituted, I think that's some pretty impressive progress."