Defence Spending News - Latest Updates & Headlines
NATO members pledge 5 pc GDP on defence spending by 2035
The Hague, June 26: The member states of the North Atlantic Treaty Organisation (NATO) have committed to ramping up their defence spending, affirming an "ironclad commitment" for their collective defence by investing 5 per cent of their country's GDP annually on "core defence requirements" as well as defence- and security-related sectors by 2035 as outlined in The Hague Summit Declaration.
NATO leaders pledge 'ironclad commitment' to collective defence, increase security spending
The Hague, June 25: Reaffirming an "ironclad commitment" to collective defence, the NATO Heads of State and Government on Wednesday agreed to invest five per cent of GDP annually on core defence requirements as well as defence-and security-related spending by 2035.
NATO defence ministers struggle to bridge divides over military spending goals
Brussels, June 7: NATO defence ministers meeting in Brussels, "broadly" agreed to pursue a significant increase in member states' military spending to 5 per cent of GDP. However, sharp disagreements over the timeline and spending categories revealed deep divisions ahead of the alliance's upcoming summit in The Hague, scheduled for June 24-25.
Govt to get extra headroom to spend on defence due to strong fiscal position: Report
New Delhi, May 31: With the strong emerging fiscal position in 2025-26, the government is likely to have some additional headroom to meet unforeseen expenditure on account of defence, according to a Bank of Baroda report released on Saturday.
India thanks IMF for imposing 11 conditions on Pakistan, but questions timing of bailout: Sources
New Delhi, May 23: India has said it is "thankful" for the 11 additional conditions imposed by the International Monetary Fund (IMF) on Pakistan, while clarifying that it is not opposed to financial assistance meant for genuine developmental purposes. At the same time, it raised serious concerns over the timing of the recent bailout package, suggesting that the funds may have indirectly supported Pakistan's rising defence spending.
NATO Chief says 2 per cent defence spending target not nearly enough
Antalya, May 16: NATO Foreign Ministers met in Turkey's Antalya on Wednesday and Thursday with a key focus on increasing defence spending, with Secretary General Jens Stoltenberg declaring that the current 2 per cent of GDP target is "not nearly enough."
Estonia's ruling coalition promises higher defence spending
Tallinn, March 24: Estonia's ruling coalition has pledged to strengthen national defence by increasing military spending and reinforcing NATO's role in the country's security.
Trump say US may not 'defend' NATO allies not contributing enough on defence spending
Washington, March 7: President Donald Trump has suggested that the US may not defend NATO allies that have not contributed enough to defence spending, casting doubt on a core aspect of the alliance.
Britain to increase defence spending to 2.5 per cent of GDP by 2027
London, Feb 25: British Prime Minister Keir Starmer announced on Tuesday that the country will increase its defence spending to 2.5 per cent of Gross Domestic Product (GDP) by 2027.
EU leaders commit to increased defence spending
Brussels, February 5: European Council President Antonio Costa said that strengthening the European security requires a strong and competitive European defence industry.
Budget allocates Rs 11.21 lakh crore capex for 2025-26, 0.9% higher than 2024-25(BE)
New Delhi, February 1: Finance Minister Nirmala Sitharaman has allocated Rs 11.21 lakh crore for capital expenditure in the Union budget for 2025-26.
No resource constraint, adequate money available for what we need: Defence Secretary RK Singh
New Delhi, January 7: Amid a debate on finding solutions to Indian fighter aircraft requirements, Defence Secretary Rajesh Kumar Singh on Tuesday made it clear that there was no resource constraint and the country has adequate money available for its needs.