Trump wants NATO countries to increase defense spending to 5% of GDP — FT

US President-elect Donald Trump will require NATO member states to increase their defense spending to 5% of their GDP. According to the Financial Times, he conveyed this demand to a number of European officials through his representatives.

Rutte: NATO countries will spend more than 2% of GDP on defense, as Trump wanted

The countries of the North Atlantic Alliance will increase defense spending, exceeding 2% of GDP, as previously demanded by the elected President of the United States Donald Trump. This was stated by NATO Secretary General Mark Rutte at the European Political Community summit in Budapest.

World Military Expenditure Reaches All-Time High of $2,443Bln in 2023

Global military expenditure increased by 6.8% in 2023 year-over-year and reached a new record high of $2,443 billion, with the three largest spenders being the US, China and Russia, according to new data published on Monday by the Stockholm International Peace Research Institute (SIPRI).

Repelling Iran's attack cost Israel a billion dollars - FT

Repelling the Iranian attack cost Israel more than $1 billion in wasted materials, the Financial Times reported, citing a former Israeli military official.

Germany ‘Must Be Prepared for War’ in Europe, Defense Minister Says

Germany must prepare itself for a European war, Defense Minister Boris Pistorius has announced.

Denmark boosts military spending, announces more aid for Ukraine

Denmark’s government plans to invest 143 billion Danish crowns ($21bn) in defense over the next 10 years, with an aim to meet its military and security goals as a founding NATO member.

World Military Spending Reaches All-Time High of $2.24 Trillion

World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fueled a sharp jump in military spending across Europe, according to a leading defense think tank.

German defence minister supports raising NATO spending goal

Germany’s defence minister says he is in favour of raising NATO’s military spending target as the war in Ukraine rumbles on.

Stoltenberg urges NATO States to ramp up Defense Investment more than 2% of the GDP. Freedom isn't Free

 NATO member states should contribute more than the baseline 2% of their GDP to defense, Secretary General Jens Stoltenberg told Sky news broadcaster on Wednesday.

Germany spends 72.2 mln euros on G20 Hamburg summit

The German government had spent approximately 72.2 million euros (90.25 million dollars) on the G20 Hamburg summit, German media reported on Sunday, citing data released by the Finance Ministry.

US Gives NATO Allies 2 Months for Defense Spending Plans

US Secretary of State Rex Tillerson warned NATO allies Friday to boost defense spending or come up with plans to reach the alliance's budget guidelines within two months.

Germany Rejects Trump's Claim on 'Berlin's Heavy Defense Debt' to NATO, US

 German Defense Minister Ursula von der Leyen on Sunday rejected US President Donald Trump's claim that Germany owes NATO and the United States "vast sums" of money for defense.

Hungary spending huge sums to equip 3,000 'border hunters'

A Hungarian lawmaker says the government will spend up to 100 billion forints ($340 million) to provide equipment and basic supplies for 3,000 "border hunters" being recruited to guard border fences built last year to stop the flow of migrants trying to enter the country.

Japan plans record defense spending in response to North Korea, Chinese incursions

Increasingly alarmed by heightened tensions on the Korean peninsula and the presence of Chinese vessels near the disputed Senkaku Islands, Japan is planning a record defense budget for 2017.

Pentagon proposes to quadruple military spending in Europe in FY 2017

The Pentagon proposed to quadruple US military spending in Europe in fiscal year 2017 to 3.4 billion US dollars from last year's request of 789 million dollars, US defense chief said on Thursday.