NATO's Rutte: New baseline for allies will be to spend 5% of GDP on defence
THE HAGUE, June 23 (Reuters) - NATO members have agreed to spend 5% of their gross domestic product (GDP) on defence, the alliance's Secretary General Mark Rutte said on Monday, adding allies will invest in thousand more tanks and armoured vehicles.
"The defense investment plan that allies will agree in The Hague introduces a new baseline 5% of GDP to be invested in defense. This is a quantum leap that is ambitious, historic and fundamental to securing our future" he told reporters ahead of a two-day summit of the Alliance in The Hague.
"Let me give you a few examples of what we will invest in. A five-fold increase in air defense capabilities because we see Russia's deadly terror from the skies over Ukraine every day and we must be able to defend ourselves from such attacks."
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