Estonian government approves additional funding to raise defence spending to 5.4% of GDP
Estonia’s government approved the multi-billion Euro plans that will see the Baltic country boost its defence investments to over 5% of GDP, in line with Trump’s demands for NATO members.
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00:00Estonia's government has approved 2.8 billion euros in additional funding to go towards defense investments in a bid to meet NATO capability targets.
00:11The new funding will see the Baltic country average out defense spending of 5.4% of GDP over the next four years.
00:20It's a significant hike from previous levels where Tallinn was spending approximately 3.4% of GDP on defense.
00:26Defense Minister Hanophev Kor says the additional spending will see a sizable boost to military equipment and ammunition.
00:35New missiles, air defenses, advanced communication systems and additional troops, among others, will all be invested in.
00:42Estonia says the added spending is to increase preparedness amid a growingly unstable security environment after their neighbors Russia launched an invasion on Ukraine.
00:51The new bill comes just weeks ahead of the upcoming NATO leaders' summit in The Hague in late June.
00:58It also comes after U.S. President Donald Trump threatened to pull Washington from NATO if members don't increase defense spending to at least 5%.
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