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Canada, European NATO states to raise defense spending by 4.3 percent in 2017

Reuters, Jun 28, 2017— European allies of NATO and Canada will increase defense spending by 4.3 percent in 2017, marking a cumulative $46 billion jump since cuts stopped in 2014, NATO Secretary-General Jens Stoltenberg said on Wednesday.

“To keep our nations safe, we need to keep working to increase defense spending and fairer burden-sharing across our alliance,” Stoltenberg said a day before NATO defense ministers meet in Brussels to discuss greater security expenditure, which U.S. President Donald Trump is pushing for.

“After years of decline, in 2015 we saw a real increase in defense spending across European allies and Canada … this year, we foresee an even greater real increase of 4.3 percent,” he told a news conference.

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