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NATO Boosts Military Spending to 5% Amid Threats
6/28/2025
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NATO Increases Defense Spending
- At the NATO summit in The Hague, member states committed to a dramatic increase in military spending, raising it from 2% to 5% of GDP. This bold move, spurred by growing fears of Russian and Chinese aggression, aims to bolster NATO's military budget to a staggering $2.8 trillion by 2034, igniting worries about potential cuts to social programs and internal discord.
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