Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2025
  • May
  • 9
  • NATO’s Rutte wants 2032 deadline for new defence spending goals, Dutch PM says
  • Top News

NATO’s Rutte wants 2032 deadline for new defence spending goals, Dutch PM says

Bull Bear Daily May 9, 2025 2 minutes read
2025-05-09T174917Z_1_LYNXMPEL480ST_RTROPTP_4_EU-GERMANY-MERZ

(Reuters) – NATO Secretary General Mark Rutte has proposed that alliance members meet higher targets for defence spending by 2032, Dutch Prime Minister Dick Schoof said on Friday.

Reuters reported last week that Rutte had proposed NATO members raise defence spending to 3.5% of their GDP, and a further 1.5% on broader security-related items to meet U.S. President Donald Trump’s demand for a 5% target.

Speaking to reporters after a cabinet meeting, Schoof confirmed those figures, which would represent a major increase from the current NATO goal of spending 2% of GDP on defence.

NATO aims to agree the new targets at a summit of alliance leaders including Trump, in The Hague, on June 24-25.

“Rutte has sent a letter to all NATO members to say that he expects that the commitment at the NATO summit will be 3.5% on hard military spending, to be reached in 2032, and 1.5% on related spending such as on infrastructure, cyber security, and similar things also to be reached by 2032,” Schoof said.

NATO did not immediately respond to a request for comment on Schoof’s remarks.

He said the government of the Netherlands, where Rutte was a long-serving prime minister, would continue discussions to determine its position on the proposal.

Other NATO members were also considering Rutte’s request and would have to discuss it with their parliaments, he added.

Twenty-two of NATO’s 32 members meet the current 2% target. But leaders across NATO say that goal is no longer sufficient as they now regard Russia as a far greater threat in the wake of its 2022 full-scale invasion of Ukraine.

No NATO country meets Trump’s 5% target. According to NATO, the United States spends about 3.2% of GDP on defence. Poland spends the biggest share of its GDP – at over 4%.

(Reporting by GV De Clercq and Andrew Gray; editing by Mark Heinrich)

About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: Ex Fed’s Warsh highlights a path to lower rates, takes a fresh dig at the Fed
Next: Anthropic says DOJ proposal in Google search case could chill AI investment

Related Stories

  • Top News

Russian air defences down drone flying towards Moscow, regional airports closed

Bull Bear Daily August 23, 2025 0
  • Top News

Russian air defences down drone flying towards Moscow, regional airports closed

Bull Bear Daily August 23, 2025 0
2025-08-18T192331Z_1_LYNXMPEL7H0VV_RTROPTP_4_UKRAINE-CRISIS-SUMMIT-RUSSIA-1
  • Top News

Trump says he expects Putin to release Ukrainian prisoners

Bull Bear Daily August 18, 2025 0

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Sign up for our free Bull Bear Daily Newsletter!

Discover new market trends and ideas directly to your inbox.

Recent Posts

  • Tether says ‘misconception’ over fundraising plans amid reports of investor pushback
  • Novo Nordisk to take legal action against Hims & Hers for Wegovy compounding
  • Australian miner expects to supply US critical minerals stockpile, CEO says
  • Global software stocks hit by Anthropic wake-up call on AI disruption
  • Fernandez overwhelmingly wins Costa Rica presidency as populist project secures new term

You may have missed

2026-02-04T155640Z_2_LYNXMPEM1307N_RTROPTP_4_EL-SALVADOR-BITCOIN.JPG
  • Newsletters

Tether says ‘misconception’ over fundraising plans amid reports of investor pushback

Bull Bear Daily February 7, 2026 0
2026-02-05T162353Z_2_LYNXMPEM14154_RTROPTP_4_NOVO-NORDISK-RESULTS.JPG
  • Newsletters

Novo Nordisk to take legal action against Hims & Hers for Wegovy compounding

Bull Bear Daily February 6, 2026 0
  • Newsletters

Australian miner expects to supply US critical minerals stockpile, CEO says

Bull Bear Daily February 5, 2026 0
  • Newsletters

Global software stocks hit by Anthropic wake-up call on AI disruption

Bull Bear Daily February 5, 2026 0
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2026 © All rights reserved | Bull Bear Daily | bullbeardaily.com