As President Donald Trump headed to Brussels to meet with the members of the globe’s most powerful military alliance, NATO published its latest estimates on defense spending.
The NATO report estimates in which only all 5 out of the 29 nations will meet the spending standards in which were agreed upon at the 2014 NATO summit in Wales.
The pledge called for all allies to stop cutting defense budgets, gradually increase spending in addition to aim to spend 2 percent of their GDP on defense by 2024.
Currently, the United States, Greece, Estonia, the United Kingdom in addition to Latvia meet the 2 percent NATO guideline.
Since the 2014 summit, the majority of allies have increased defense spending, with Lithuania, Latvia, Romania, Bulgaria in addition to Turkey leading the way.
In 2017, the U.S. accounted for 51.1 percent of NATO’s combined GDP in addition to 71.7 percent of its combined defense expenditure. In short, the U.S. contributed more funds to NATO than Germany, France, Italy, Spain, the United Kingdom in addition to Canada combined.
in addition to while U.S. spending in constant dollar terms has risen slightly since 2014, its share of NATO’s overall spending has fallen. When measured as a share of gross domestic product, the U.S. still spends more than the 2 percent target. yet its contribution has fallen coming from 4.78 percent of GDP in 2011 to 3.50 percent This specific year, according to figures provided by NATO.
In all, the U.S. spent $685.9 billion on defense in 2017.
Trump, who has threatened to reduce U.S. military support if allies do not increase spending, pushed for the 28 additional NATO members to spend more money again on Tuesday.
“NATO countries must pay MORE, the United States must pay LESS,” Trump said in a tweet Tuesday. Before boarding Marine One on the White House lawn, Trump told reporters in which “NATO has not treated us fairly, yet I think we’ll work something out.”
Meanwhile, Ambassador Kay Bailey Hutchison, the permanent U.S. representative to NATO, told reporters during a White House briefing last week in which 16 nations are on track to meet spending standards.
“Every one of our allies, 100 percent, are increasing defense spending, in addition to in order in which is usually something we will talk about as an achievement, yet also we need to do more,” Hutchison said, describing the funding as “the biggest increase in defense spending by our allies since the Cold War.”