The Japan Times - NATO chief seeks defence spending at 5% of GDP by 2032: Dutch PM

EUR -
AED 4.315152
AFN 77.708509
ALL 96.852138
AMD 448.491142
ANG 2.103707
AOA 1077.46608
ARS 1692.867744
AUD 1.766731
AWG 2.114983
AZN 1.996065
BAM 1.958827
BBD 2.365606
BDT 143.531799
BGN 1.957646
BHD 0.442923
BIF 3471.553207
BMD 1.174991
BND 1.516883
BOB 8.115541
BRL 6.345419
BSD 1.17454
BTN 106.215586
BWP 15.56238
BYN 3.462451
BYR 23029.817846
BZD 2.36217
CAD 1.617428
CDF 2631.978985
CHF 0.93526
CLF 0.027299
CLP 1070.885484
CNY 8.288974
CNH 8.27372
COP 4466.84467
CRC 587.522896
CUC 1.174991
CUP 31.137254
CVE 110.435656
CZK 24.285177
DJF 209.15766
DKK 7.470444
DOP 74.667289
DZD 152.34334
EGP 55.789738
ERN 17.624861
ETB 183.52108
FJD 2.648192
FKP 0.879185
GBP 0.877671
GEL 3.168367
GGP 0.879185
GHS 13.482835
GIP 0.879185
GMD 85.774311
GNF 10213.261358
GTQ 8.995863
GYD 245.719709
HKD 9.144171
HNL 30.922442
HRK 7.532747
HTG 153.951832
HUF 385.151393
IDR 19592.088787
ILS 3.766621
IMP 0.879185
INR 106.613135
IQD 1538.577555
IRR 49493.544354
ISK 148.41283
JEP 0.879185
JMD 188.054601
JOD 0.833059
JPY 182.086549
KES 151.515079
KGS 102.752804
KHR 4702.386633
KMF 492.911492
KPW 1057.491268
KRW 1720.480396
KWD 0.36051
KYD 0.978813
KZT 612.546565
LAK 25462.346819
LBP 105176.728999
LKR 362.920819
LRD 207.301224
LSL 19.815521
LTL 3.469442
LVL 0.710741
LYD 6.379995
MAD 10.805297
MDL 19.854766
MGA 5203.151106
MKD 61.58937
MMK 2466.617904
MNT 4166.358748
MOP 9.418054
MRU 47.004836
MUR 53.990968
MVR 18.088629
MWK 2036.690621
MXN 21.126092
MYR 4.808648
MZN 75.093803
NAD 19.815521
NGN 1705.53442
NIO 43.227904
NOK 11.911281
NPR 169.94896
NZD 2.027652
OMR 0.451782
PAB 1.174515
PEN 3.954311
PGK 5.062068
PHP 69.231624
PKR 329.162758
PLN 4.221642
PYG 7889.359242
QAR 4.280496
RON 5.094291
RSD 117.388641
RUB 92.967943
RWF 1709.478019
SAR 4.40866
SBD 9.607607
SCR 17.223335
SDG 706.756952
SEK 10.910905
SGD 1.51451
SHP 0.881547
SLE 28.346692
SLL 24638.971924
SOS 670.04968
SRD 45.293589
STD 24319.935326
STN 24.534259
SVC 10.276881
SYP 12991.498391
SZL 19.808863
THB 36.931722
TJS 10.793679
TMT 4.124217
TND 3.433491
TOP 2.829096
TRY 50.173396
TTD 7.970316
TWD 36.798371
TZS 2916.912694
UAH 49.627044
UGX 4174.450755
USD 1.174991
UYU 46.090635
UZS 14149.865707
VES 314.239221
VND 30925.755393
VUV 142.323844
WST 3.261166
XAF 656.986216
XAG 0.018396
XAU 0.000271
XCD 3.175471
XCG 2.116771
XDR 0.81708
XOF 656.986216
XPF 119.331742
YER 280.241445
ZAR 19.712468
ZMK 10576.317779
ZMW 27.102111
ZWL 378.346528
  • RBGPF

    -3.4900

    77.68

    -4.49%

  • RYCEF

    0.2200

    14.82

    +1.48%

  • NGG

    0.8200

    75.75

    +1.08%

  • RELX

    0.9550

    41.335

    +2.31%

  • CMSC

    0.0100

    23.31

    +0.04%

  • RIO

    -0.1950

    75.465

    -0.26%

  • JRI

    0.0235

    13.59

    +0.17%

  • BCC

    -0.6650

    75.845

    -0.88%

  • CMSD

    0.0300

    23.28

    +0.13%

  • GSK

    0.3700

    49.18

    +0.75%

  • BP

    0.0050

    35.265

    +0.01%

  • BTI

    0.5200

    57.62

    +0.9%

  • VOD

    0.1800

    12.77

    +1.41%

  • BCE

    0.2161

    23.61

    +0.92%

  • AZN

    1.1700

    91

    +1.29%

  • SCS

    0.0200

    16.14

    +0.12%

NATO chief seeks defence spending at 5% of GDP by 2032: Dutch PM
NATO chief seeks defence spending at 5% of GDP by 2032: Dutch PM / Photo: JOHN THYS - AFP

NATO chief seeks defence spending at 5% of GDP by 2032: Dutch PM

NATO chief Mark Rutte wants member countries to agree at a summit in June to reach five percent of GDP on defence-related spending by 2032, Dutch premier Dick Schoof said Friday.

Text size:

US President Donald Trump has demanded that NATO allies ramp up their military spending to five percent of GDP, a level that not even the United States currently hits.

Schoof said Rutte had written to NATO's 32 member countries calling for them to reach 3.5 percent of GDP on "hard military spending" and 1.5 percent of GDP on "related spending such as infrastructure, cybersecurity and other things" over the next seven years.

Trump is piling the pressure on Europe and Canada to ratchet up NATO's spending target at a summit in The Hague next month.

Foreign ministers from alliance countries are expected to tackle the matter at an informal gathering in Antalya, Turkey, next week.

Rutte on Friday refused to confirm the figures being debated but said "internal discussions" were taking place within NATO.

Diplomats within NATO, speaking on condition of anonymity, said the proposal circulated last week envisioned increasing direct military spending by 0.2 percent each year to 2032.

They said the discussions were at an early stage and there were no clear signs yet that there would be consensus for the figures.

The parameters of what could be included in the 1.5 percent of loosely related defence spending were still to be defined, they said.

"It makes no sense to argue about abstract GDP percentages now. What is crucial is that we continuously expand our efforts over the next few years," Germany's new chancellor Friedrich Merz said during a visit to NATO's headquarters in Brussels on Friday.

Merz said that for Germany, every increase of one percent of GDP represented 45 billion euros ($50 billion).

- Trump threatens -

Trump has long accused Washington's allies of underspending on their defence and taking advantage of US largesse.

He has also threatened not to protect countries that do not spend enough on their military in his eyes.

European countries have ramped up their defence spending since Russia's invasion of Ukraine in 2022, but Rutte says they must go considerably higher to ward off Moscow.

Last year 22 of NATO's 32 allies hit its current spending target of two percent of GDP on their militaries.

A string of countries such as Italy, Spain, Canada and Belgium that still lag below that level have pledged to reach it in 2025.

The United States last year spent 3.19 percent of its GDP on defence, behind eastern flank countries Poland, Estonia and Lithuania close to Russia.

But Washington remains by far the biggest military spender in NATO in absolute terms, accounting for 64 percent of all defence expenditure last year.

In a bid to help European countries bolster their spending, the EU has proposed loosening budget rules and establishing a 150-billion-euro defence fund.

T.Sasaki--JT