NATO allies will pledge to hike defense spend – but will they deliver?

cnbc.com/2025/06/23/nato-summit-allies-to-agree-to-spending-hike-but-will-they-deliver.html

Fireworks could kick off during NATO's annual summit this week, as the U.S. pushes its allies to sharply increase their defense spending to 5% of their gross domestic product (GDP).
The 5% figure is made up of 3.5% of GDP that should be spent on "pure" defense, with an extra 1.5% of GDP…

This story appeared on cnbc.com, 2025-06-23 05:13:27.
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