NATO deadbeats, US still carries financial load

By White HouseFOXBusiness

Trump: NATO must contribute their fair share

President Trump speaks at NATO in Brussels, Belgium.

Members of the North Atlantic Treaty Organization (NATO) increased overall defense spending in 2017 for a second consecutive year, but the United States was still largely outspending all other members.

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Defense spending among the 29 nations belonging to the transatlantic military alliance increased to an estimated 2.42% of gross domestic product, up from 2.4% in 2016, NATO said on Thursday.

Thursday’s report comes as the U.K. announced that the U.S., France and Germany agreed that Russia was behind a military-grade nerve toxin attack carried out in southern England earlier this month. The United States spent more than 3.5% of its GDP on defense in 2017, or about $685 billion, according to the NATO report. While that is down from more than $740 billion in 2011, it’s still well above the outlay of all other members. In 2017, the U.S. is estimated to have spent more than 68% of the cumulative total.

NATO members in Europe contributed a total of $249.7 billion to their defense budgets and spent an average of 1.46% of GDP.

Canada only contributed 1.29% of GDP, while Germany – which has drawn criticism from President Donald Trump – spent 1.24% of its GDP on defense last year.

Only three countries aside from the U.S. – Estonia, Greece and the U.K. – are currently spending above the NATO guideline of 2% on defense. Poland’s spending, however, was at 1.99% of GDP.

NATO allies have drawn fire from Trump for failing to live up to their financial obligations for collective defense.

During his first meeting at the group’s headquarters in Brussels last spring, Trump suggested that members who haven’t been paying their fair share should be required to pay back dues.

“NATO members must finally contribute their fair share and meet their financial obligations … Many of these nations owe massive amounts of money from past years, and not paying in those past years,” Trump told the leaders of member countries. “Over the last eight years, the United States spent more on defense than all other NATO countries combined.”

Trump also noted that 2% of GDP should be the “bare minimum for confronting today's very real and very vicious threats.”

Prior to 2015, when members began to increase defense spending, NATO countries’ contributions were falling each year.