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NATO, Allies Share Of Global Defense Spending Declined 15 Percent In 12 Years, Study Say

By Cal Biesecker

Wednesday, July 6th, 2016

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NATO, Allies Share Of Global Defense Spending Declined 15 Percent In 12 Years, Study Say

Pre-summit press conference by NATO Secretary General Jens Stoltenberg ahead of the NATO Summit in Warsaw on 8 and 9 July 2016

NATO’s and its allies’ share of global defense spending in the last 12 years went from 75 percent to 60 percent, according to a new study by the global consulting and business advisory firm AlixPartners.However, the report says increased spending by NATO is expected, otherwise “Failure to do so may threaten global security.” With increased threats globally, NATO may need to spend from nearly 2 percent to 4 percent annually to “keep pace with the rest of the world,” says…

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