U.S. Gives NATO Nearly $1 Trillion in 2024
The 32-member North Atlantic Treaty Organization ( NATO ) allotted a budget of $1.3 trillion for defense purposes in December 2023. Around 68% of the funding has come from the U.S. while the other countries pool j US t 32% for the defense budget. The U.S. remains the biggest spender of NATO shelling out $860 billion in 2024. That’s j US t close to the $1 trillion mark and could reach there in the upcoming budgets. The 31 other countries in the alliance have combinedly contributed $440 billion for defense purposes to safeguard their interests. Also Read: China Sidelines NATO : Declares to Stop $1 Billion R US sia-Ukraine War In 2018, former US President Donald Trump demanded member countries to pay 2% of their GDP to NATO’s budget. However, the U.S. spent an additional 6% on the alliance budget while other countries raised it to less than 1%. The second biggest country to spend on NATO is Germany. The European nation has allocated $68 billion for the alliance this year. The ...