Nato members have confirmed that they have agreed to spend 5% of GDP on defence and security by 2035.
Plans to reach that figure will have to be submitted annually and will have to follow a “credible, incremental path”. A review will take place in 2029.
The current target – for core defence spending only – is 2% of GDP, which not all members hit in 2024.
In a statement, called the Hague Declaration, members said: “We reaffirm our ironclad commitment to collective defence as enshrined in Article 5 of the Washington Treaty – that an attack on one is an attack on all.”
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