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NATO’s total military spending grows 3.5% in 2020

The total spending of NATO allies on defense in 2020 increased by 3.5%, and this may increase by 4.1%, follows from a document posted on the website of the North Atlantic Alliance (.pdf). In 2020, they amounted to $ 1.03 trillion, in 2021 they may exceed $ 1 trillion. 10 out of 30 NATO countries plan to spend more than 2% of their GDP on military needs in 2021.

Greece is going to spend the most on defense spending – 3.82%. The USA is in second place – 3.52%. Canada ranks third with 2.79%. The most modest expenses are planned by Luxembourg – 0.57%.

“Each ally’s Department of Defense reports current and projected future defense spending in accordance with the agreed definition of defense spending. The amounts represent payments by the national government actually made or payable during the fiscal year to meet the needs of its armed forces, allies or NATO, ”the Alliance said in a statement.

In March, NATO Secretary General Jens Stoltenberg invited the foreign ministers of the alliance members to think about a significant increase in funding. He noted that the more unpredictable security environment in the world requires strengthening deterrence and defense.

In 2020, military spending in the world exceeded $ 1.98 trillion, up 2.6% from the previous year, the Stockholm International Peace Research Institute reported. The top five in terms of spending included the United States, China, India, Russia and the United Kingdom, accounting for 62% of all global military spending.

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