Raising the Stakes: Rutte's NATO Spending Proposal
NATO Chief Mark Rutte suggests increasing defense spending to 3.5% of GDP, with an additional 1.5% for defense-related items, as part of a strategy to meet Donald Trump's demand for a 5% target, potentially allowing the U.S. president to declare a victory at an upcoming NATO summit.
- Country:
- Belgium
NATO Chief Mark Rutte has put forward a proposal for alliance members to increase their defense spending to 3.5% of GDP. This includes an additional allocation of 1.5% on defense-related items, aiming to meet former U.S. President Donald Trump's call for a collective 5% defense target.
The proposal is designed to enable Trump to claim a victory at an upcoming NATO summit in The Hague, scheduled for June. It sidesteps the need for European nations and Canada to commit to a 5% pledge on core defense spending, which is considered politically and economically challenging by many.
By crafting this strategy, Rutte seeks to address the U.S. demands while balancing the economic constraints and political limitations within Europe and Canada, fostering continued unity and cooperation among NATO members.
(With inputs from agencies.)
ALSO READ
Gold Prices Surge Amid Weaker GDP and Supreme Court Ruling
MoSPI Releases Key Report on Constant Price Methodology Ahead of New GDP Base Year Series
Economic Trials: Inflation Surge and GDP Dips Shake Wall Street
MoSPI Releases Key Methodology Changes Ahead of New GDP Base-Year Series
Assam country's fastest-growing state, GSDP up by 45 pc from FY'20 to FY'25 compared to nation's 29 pc GDP growth: FM Neog.

