UK defence spending projected to reach 2.3% of GDP this year
NATO estimated that Britain will spend 2.12% of GDP in 2022, down from an estimated 2.26% in 2021 but still above the 2% threshold the Atlantic alliance asks its members to meet.
- World
- Reuters
- Published Date: 01:41 | 29 June 2022
- Modified Date: 01:41 | 29 June 2022
Britain's defence spending is projected to reach 2.3% of its GDP this year due to increased military support for Ukraine amid Russia's invasion of that country, the British government said in a statement on Tuesday.
NATO estimated that Britain will spend 2.12% of GDP in 2022, down from an estimated 2.26% in 2021 but still above the 2% threshold the Atlantic alliance asks its members to meet.
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