NATO: Why the 2% of GDP Defense Spending Goal May Need to Rise
December 11, 2024
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2:23Now PlayingNATO: Why the 2% of GDP Defense Spending Goal May Need to Rise
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as posted by the channelNATO plans to set new targets for members to produce more weapon systems, including tanks and planes. This may require raising the alliance’s defense spending goal to as much as 3% of gross domestic product, according to officials familiar with the matter. NATO currently asks allies to spend 2% of GDP. Bloomberg's Andrea Palasciano reports.
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