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NATO members continue increasing defense budget
21:02, 13 June 2016
NATO members continue increasing defense budget

It has declined since cold war end in 2015, - Stoltenberg

21:02, 13 June 2016

Jens Stoltenberg
Associated Press

NATO states-members will continue to increase the defense budget that was shrinking since the end of the "cold war" until 2015, NATO Secretary General Jens Stoltenberg reports (Interfax-Ukraine).

"After the Cold the defense budget in Europe and Canada reduced severely. We have noticed a slight increase in allocations for defense in 2015. Our forecast for 2016 is the growth of such deductions", Jens Stoltenberg said at a press conference on Monday in Brussels.

"These are just forecasts, but they inspire confidence that changes are coming, and the annual level will be about 1.5%. It is the increase in the amount of about $ 3 billion. 20 NATO members are planning to further increase these contributions", the NATO Secretary General added.

He described the defense budget growth as progress, and called it the right way of development.

"This is progress. After many years we have embarked on the right path", Jens Stoltenberg concluded.

Related: Possibilities of NATO Response new forces

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