Sentences with phrase «gdp on defence spending»

Britain is one of just four Nato member states which spend two per cent of more of their GDP on defence spending.

Not exact matches

The GDP release also delivered an unwelcome surprise on government spending: budget trimming by federal agencies, especially the defence department, shaved an estimated eight percentage points off growth.

Our defence is questionable, but would I be more frustrated as a City fan, spending more than the GDP of a small country on 5/6 bang average defenders?

But a separate bill is being proposed to make a similar pledge in defence, one that makes sure we maintain Nato's target of two per cent of GDP spent annually on military expenditure.

In the last ten years (1999 - 2009) Greece has spent 3.7 % of its GDP on defence, more than one percentage point more than any other European nation.

And it is why I have already raised with my fellow European leaders the need to deliver on their commitments to spend 2 % of their GDP on defence — and 20 % of their defence budgets on equipment.

In 2006, NATO member countries agreed to commit a minimum of two per cent of their Gross Domestic Product (GDP) to spending on defence.

MPs have voted 37 to three in favour of keeping defence spending at 2 % of GDP which, although it carries no legal force, will pile more pressure on the prime minister to pledge to protect the defence budget.

The vote followed a four - hour backbench business debate on a motion endorsing a minimum level of spending on defence as 2 % of GDP — a level set by Nato — in which MPs from across the political spectrum repeatedly urged the government to protect defence spending.

The share of GDP spent on defence is just one measure of a nation's defence effort.

The pair's speeches come a few days after Liz Kendall voiced support of free schools and pledged to meet the Nato target of spending 2 per cent of GDP on defence.

Meeting our commitments on security: committing fully to the NATO alliance and spending 2 % of our GDP on defence.

We are spending 2 % of GDP on defence and of course it's important we have done that over recent years given the less stable world.

Last year it spent 3.6 % of its GDP on defence, the highest ratio of any NATO member (and the highest total military budget in the world by a hefty margin).

Incidentally, Hungary has behaved quite disgracefully towards its NATO allies, reneging on a pledge that it made as to the proportion of its GDP it had to spend on defence.

Cameron was also asked if he could promise to stick to his pledge to retain defence spending at 2 % of GDP in the next parliament, on a trip that saw him pay a farewell visit to Camp Bastion in Afghanistan and the RAF base at Akrotiri in Cyprus where Tornados that have been bombing in Iraq are based.

David Cameron also said the government will spend 2 % of GDP on defence and will order four new Trident submarines.

Just what sort of role is there for an organisation that aimed to win wars, when the US defence department spends more than the entire GDP of many countries on military contracting?