The NATO Members and the Budget Guidelines in the Final Year: 2024
DOI:
https://doi.org/10.14738/assrj.118.17443Keywords:
Defence budgets, NATO members, Wales guidelinesAbstract
This study examines the defence expenditures of the NATO (North Atlantic Treaty Organisation) member countries over the period 2014-2024 and this in relation to the NATO 2014 summit decision of Wales. The research of this article is to examine the following points: How has defence spending by the member states evolved in the period under consideration (2014 – 2024) and more specifically the evolution to the 2% GDP (Grand Domestic Product) military expenditures; Which states already meet the second target of the 2014 Wales summit, namely: the 20% investment in equipment of the national military budget. The current figures are based on the primary budgetary sources as published by the NATO, namely: the defence expenditures of NATO countries (2014-2024). (see references).
References
Annual report of the NATO Secretary-General for 2023 – Rapport annuel du Secrétaire-Général de l’OTAN pour 2023, Brussels, March 2024.
EDA (European Defence Agency), Annual report 2023, Brussels, April 2024.
NATO press release / Communication de presse de l’OTAN concerning the defence expenditures of NATO countries 2014-2024 – conçernant les dépenses de défence des pays de l’OTAN 2014-2024, Brussels, June 2024.
NATO website concerning the Wales summit declaration of 5 September 2014. (last updates on 30 August 2018).
NATO press release / Communication de presse de l’OTAN, Washington DC summit declaration issued by the Heads of states and Governments, participation in the meeting of the North Atlantic Council, July 2024.
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Copyright (c) 2024 Herman Matthijs
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