NATO members have agreed to increase their defense spending to 2% of GDP by 2024, with many aiming for the previously agreed 5% target. US President Donald Trump hailed the decision as a ‘monumental’ victory, emphasizing its importance for national security and global stability. The agreement comes as NATO members continue to provide military and financial support to Ukraine, which has been a focal point of the alliance’s efforts in recent years.
During the summit, leaders from various NATO nations expressed ‘enduring’ support for Ukraine, reaffirming their commitment to the country’s defense and territorial integrity. This commitment is expected to continue as the ongoing conflict in Eastern Europe remains a central issue for the alliance. While the 2% target is seen as a key benchmark, many experts argue that achieving the 5% goal will be crucial for maintaining a strong and unified defense posture within NATO.