Tag: gdp
2 articles
NATO Unveils Massive Defence Contracts at Ankara Summit
NATO Secretary-General Mark Rutte promises a huge boost in defence spending, with "tens of billions" of dollars in new contracts set to be unveiled at the Ankara summit, marking a major step from commitment to action. The move aims to show the alliance is delivering on its pledges, not just making promises.
Australia Boosts Defense Spend to 3% of GDP, Deepens US Ties
Australia is taking a major leap in national security, committing to a significant boost in defense spending to 3% of GDP, and solidifying its long-standing alliance with the United States. Over the next decade, the country will inject a substantial $53 billion into its defense budget, marking a decade-long shift in priorities.