At their summit on Wednesday 25 June, the leaders of NATO member nations are expected to agree on a new defence spending target of 5% of their GDP, with 3.5% for pure defence spending and 1.5% for related expenditure such as infrastructure, developing the industrial base or strengthening resilience and the cyber domain.
While there were rumours of a 2032 target date, the date finally chosen should be 2035, with a review in 2029, the year in which capability targets will also be reviewed...