NATO European allies and Canada should collectively reach the alliance's 2% of GDP spending target for the first time this year, figures released on Thursday show, as they gear up to boost investments to their new 5% target.
Figures unveiled by the military alliance show that all allies are finally projected to meet the target more than a decade after it was pledged at a summit in Wales with Albania, Belgium, Canada, Italy, Luxembourg, Montenegro, North Macedonia, Portugal, Slovakia, Slovenia and Spain all expected to just about scrape past the mandated threshold for the first time.
