The increase was announced hours before a NATO meeting during which member countries are expected to agree to raise military spending to 5 percent of their G.D.P.

After a yearslong debate over NATO spending, European nations are poised to commit more funds to deter Russia. Now the region must decide how to unify its fragmented manufacturing.

Britain and its NATO allies will increase defense spending by at much as 5% of GDP in the next decade, officials have announced.

NATO meets for its annual summit this week, and the U.S. is pushing for allies to sharply increase their defense spending to 5% of gross domestic product.

Germany has said it supports a higher defense spending target even though this could leave Europe's largest economy in fiscal hot water.

NATO allies have reportedly agreed to hike their defense spending to 5% of gross domestic product (GDP) by 2035. One chart shows what a big ask that is.

The increase was announced hours before a NATO meeting during which member countries are expected to agree to raise military spending to 5 percent of their G.D.P.

The decision by NATO members on Wednesday to spend five percent of their GDP on defence could shift budget priorities.