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Nato chief urges allies to spend at least 3.5% of GDP on defence: Dutch PM

Business Standard LogoBusiness Standard16h ago

Nato chief urges allies to spend at least 3.5% of GDP on defence: Dutch PM - Business Standard

Quick Summary:

Dutch Prime Minister Dick Schoof said Friday that NATO's chief wants the 32 member countries to agree to start spending at least 3.5 per cent of gross domestic product on their defence budgets at a summit in the Netherlands next month.

Schoof told reporters that NATO Secretary-General Mark Rutte has written to the member nations to tell them that he expects the NATO summit to aim for 3.5 per cent hard military spending by 2032.

In 2023, as Russia's full-scale invasion of Ukraine entered its second year, NATO leaders agreed that all allies should spend at least 2 per cent of GDP.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-10 @ 07:46:15 (16 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28525362

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 110 posts per day

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Publisher ID: #49

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