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NATO allies to spend ‘at least 2pc’ of GDP on defence, diplomats say

BRUSSELS: NATO allies have reached agreement to raise the alliance’s target for military spending to at least 2% of national GDP, two diplomats said.

The 31 allies agreed on “an enduring commitment to invest at least 2%” of their GDP into their militaries in the future, two diplomats said, speaking on condition of anonymity and confirming an earlier report by German news agency DPA.

Agreement on the new spending target was one of the outstanding issues ahead of a two-day NATO summit on Tuesday and Wednesday next week in Vilnius.