Journal of Defense Management
Open Access
ISSN: 2167-0374
ISSN: 2167-0374
This study examines the defence expenditures of NATO (North Atlantic treaty Organisation) of the member countries over the period 2014-20 in relation to the NATO 2014 summit in Wales. The research of this study is to examine the following points: How has defence spending by the member states evolved in the period under consideration (2014 – 2020) and more specifically the evolution to the 2% GDP 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 (2013-2020) in the yearly report of 2020 and the related press communication of the NATO.
Published Date: 2021-06-07; Received Date: 2021-04-26