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Economy News

The Economic Times

Economy / The Economic Times

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NATO says defence spending rose 20 percent last year

A NATO report on Thursday said military spending by member states rose by a fifth year-on-year in 2025 to $574 billion. The NATO report said all members are now above the target of allocating at least 2 percent of Gross Domestic Product to military spending, a goal set in 2014 for 2024.

26 Mar 2026 6:42 pm