“For the last three years we have been seeing the increase in defense spending across the entire spectrum of European allies and Canada. As a result, there is a $46 billion surplus. Nationwide plans indicate that we may expect a further increase in that direction – Stoltenberg said at a press conference in Brussels on Tuesday.
He reminded that in 2014 only three of NATO’s member states were spending more than 2% of their GDP on their defensive needs. This year, 8 member states of the Alliance are projected to fulfill this requirement.
“We expect that by 2024, at least 15 member states are going to spend over 2% of their GDP on defensive measures. This is good progress and a nice start, but we still have a long way to go in that direction”, - Stoltenberg said.