Nato members confirm defence and security spend to hit 5% of GDP by 2035 | BBC News

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.” Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #Nato #BBCNews