NATO defense spending increases for 7th consecutive year

NATO Secretary General Jens Stoltenberg annual security report revealed the increase in NATO’s defense budget.

NATO’s defense spending across European allies and Canada increased for the seventh consecutive year in 2021, amounting to a 3.1-percent rise in real terms and a total of $270 billion extra since 2014, according to NATO Secretary General Jens Stoltenberg’s annual security report.