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S. Korean president vows to raise defense budget to 2.9 pct of GDP in next 5 years
South Korean President Moon Jae-in vowed Tuesday to raise the country's defense budget to 2.9 percent of gross domestic product (GDP) from the current 2.4 percent within his five-year presidency.
July18,2017
U.S. again asks Europe to increase defense spending
Visiting U.S. Vice President Mike Pence said Monday Europe needed to increase defense spending for the sake of fair burden-sharing among NATO members.
February21,2017
U.S. again asks Europe to increase defense spending
Visiting U.S. Vice President Mike Pence said Monday Europe needed to increase defense spending for the sake of fair burden-sharing among NATO members.
February21,2017
Lithuanian minister sees defense spending to exceed 2 pct of GDP
Lithuania's new Defense Minister Raimundas Karoblis thought the country's defense spending will exceed 2 percent of GDP, reaching 2.2-2.3 percent, local media reported on Wednesday.
December29,2016
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