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The NATO Members and the Budget Guidelines in the Final Year: 2024

Year: 2024

Type: article

Abstract: This study examines the defence expenditures of the NATO (North Atlantic Treaty Organisation) member countries over the period 2014-2024 and this in relation to the NATO 2014 summit decision of Wales. The research of this article is to examine the following points: How has defence spending by the member states evolved in the period under consideration (2014 – 2024) and more specifically the evolution to the 2% GDP (Grand Domestic Product) military expenditures; Which states already meet the second target of the 2014 Wales summit, namely: the 20% investment in equipment of the national military budget. The current figures are based on the primary budgetary sources as published by the NATO, namely: the defence expenditures of NATO countries (2014-2024). (see references).

Source: Advances in Social Sciences Research Journal

DOI: 10.14738/assrj.118.17443

Author: Herman Matthijs

Institution: Ghent University

Language: English

Topic: Defense, Military, and Policy Studies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4403560191

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