• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, June 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Hegseth Points To ‘Near Consensus’ On 5% Defence Spending Target For NATO States

June 5, 2025
Comfort Ampomaaby Comfort Ampomaa
in Europe
0
Hegseth Points To 'Near Consensus' On 5% Defence Spending Target For NATO States

US Defence Secretary, Pete Hegseth.

Briefing the media after a NATO Defence Ministers meeting, US Defence Secretary, Pete Hegseth announced that there is “near consensus” on a 5% defence spending commitment for NATO member states.

He hailed “the historic nature” of the discussions on capability and spending targets, adding, “there’s still more to go.”

“There are a few countries that are not quite there yet. I won’t name any names. It’s amongst friends in that room. We’ll get them there. But from France to Germany to the Baltics to the Nordic countries to Poland to Greece to Hungary, to so many more, the commitment is there 5% on defence spending.

“When you consider the threats that we face, the urgency in the world, it’s critical. We don’t need more flags, we need more fighting formations. We don’t need more conferences. We need more capabilities, hard power.

Pete Hegseth
Hegseth Points To 'Near Consensus' On 5% Defence Spending Target For NATO States
US Defense Secretary, Pete Hegseth.

He added that with Trump committed to spending a “trillion dollars in our own defence budget,” it’s time for allies in Europe and in Canada to step up even more, “to step up and take the lead, to recognise the defence of the continent as a core mission.”         

RelatedPosts

Putin Assures Araghchi Of Moscow’s Support In De-Escalating Iran-Israel Conflict

Spain Rejects NATO’s 5% Defense Spending Proposal

Zakharova Expresses Concern Over Safety Of Russian Personnel In Iran

The proposed benchmark, expected to be formally discussed during the June 24-25 summit in the Netherlands, includes 3.5 per cent of GDP on core defence spending and 1.5 per cent on infrastructure such as roads and ports needed to support military deployments.

NATO Secretary-General, Mark Rutte confirmed that the Ministers agreed on “capability targets” to strengthen military readiness.

These targets involve priority acquisitions like long-range missiles, drones, and air defence systems, as well as logistics tools to enhance rapid deployment. “All these investments have to be financed,” Rutte said.

Hegseth Points To 'Near Consensus' On 5% Defence Spending Target For NATO States
US Defence Secretary, Pete Hegseth and NATO Chief, Mark Rutte.

The spending deal likely appears to be a compromise designed to let Trump claim success on his five per cent demand while allowing some flexibility for reluctant allies.

Among the most hesitant is Spain, which is only expected to meet the current two per cent benchmark this year.

Germany’s Defence Minister, Boris Pistorius acknowledged that the new military readiness targets would require Berlin to add “around 50,000 to 60,000” troops, while Dutch Defence Minister, Ruben Brekelmans said their nation would need to raise defence spending to at least 3.5 per cent of GDP, requiring an additional €16–19 billion.

Though the US supports the proposed agreement, Washington is demanding that all member nations present a “credible path” to achieving the goal.

NATO planners are operating on a 5 to 10-year horizon to meet these benchmarks, amid fears that Russia’s capabilities could surge if the Ukraine war ends.

Hegseth Hails Trump For Reinvigorating NATO

Hegseth Hails Trump For Reinvigorating NATO
US Defense Secretary, Pete Hegseth.

Moreover, Hegseth rejected the suggestion that the US could withdraw from NATO if European allies don’t step up, but pointedly praised Trump for reinvigorating the alliance by his demands that they step up.

“It was an alliance that was sleepwalking to irrelevance, and President Trump, in his first term, said, you need to step up and spend more and he has in this term done the same.

“And what I saw in there were countries prepared to step up to push the limits of what they can do. That’s a good thing. That’s friends, helping friends.”

Pete Hegseth

Additionally, he rejected the assertion that his absence at the Ukraine Defense Contact Group Meeting meant a decline in US support for Ukraine.

He disclosed that US permanent NATO representative, Matthew Whitaker was present instead and made a contribution.

“From the beginning of this administration, we worked with our British and German counterparts for them to take the lead of that contact group, which they’ve done, And I appreciate that.”

Pete Hegseth

Meanwhile, as the spending deal progresses, debate continues over Ukraine’s role at the upcoming summit. 

READ ALSO:  ECG Embarks on Ashanti Region Maintenance Drive to Boost Power Supply 

Tags: defence spendingDonald TrumpMark RutteNATOPete Hegseth
Please login to join discussion
Previous Post

Falz Denies Relationship with Bobrisky

Next Post

IPGG Endorses Energy Levy as Lifeline for Ghana’s Power Sector 

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Energy Minister Charges New VRA Board to Drive Power Sector Reforms 
Extractives/Energy

Energy Minister Charges New VRA Board to Drive Power Sector Reforms 

June 24, 2025
UK Commits 5% GDP To Defence Push
UK

UK Commits 5% GDP To Defence Push

June 24, 2025
Ghana’s Inflation Set to Drop Sharply to 16% in June 2025– IC Research Forecasts
Economy

Ghana’s Inflation Set to Drop Sharply to 16% in June 2025– IC Research Forecasts

June 24, 2025
AratheJay Reveals the Mystery of His Hidden Face
Entertainment

AratheJay Reveals the Mystery of His Hidden Face

June 24, 2025
Trump accuses Israel And Iran of violating truce
Asia

Trump Accuses Israel And Iran Of Violating Truce

June 24, 2025
Image from F1
Sports

F1 Builds Up to Austrian Grand Prix

June 24, 2025
Energy Minister Charges New VRA Board to Drive Power Sector Reforms 
Extractives/Energy

Energy Minister Charges New VRA Board to Drive Power Sector Reforms 

by Prince AgyapongJune 24, 2025
UK Commits 5% GDP To Defence Push
UK

UK Commits 5% GDP To Defence Push

by Lawrence AnkutseJune 24, 2025
Ghana’s Inflation Set to Drop Sharply to 16% in June 2025– IC Research Forecasts
Economy

Ghana’s Inflation Set to Drop Sharply to 16% in June 2025– IC Research Forecasts

by Stephen M.CJune 24, 2025
AratheJay Reveals the Mystery of His Hidden Face
Entertainment

AratheJay Reveals the Mystery of His Hidden Face

by Esther Korantemaa OffeiJune 24, 2025
Trump accuses Israel And Iran of violating truce
Asia

Trump Accuses Israel And Iran Of Violating Truce

by Comfort AmpomaaJune 24, 2025
Image from F1
Sports

F1 Builds Up to Austrian Grand Prix

by Evans Junior OwuJune 24, 2025
Energy Minister Charges New VRA Board to Drive Power Sector Reforms 
UK Commits 5% GDP To Defence Push
Ghana’s Inflation Set to Drop Sharply to 16% in June 2025– IC Research Forecasts
AratheJay Reveals the Mystery of His Hidden Face
Trump accuses Israel And Iran of violating truce
Image from F1
[/vc_row_inner]

Recent News

  • Energy Minister Charges New VRA Board to Drive Power Sector Reforms 
  • UK Commits 5% GDP To Defence Push
  • Ghana’s Inflation Set to Drop Sharply to 16% in June 2025– IC Research Forecasts
  • AratheJay Reveals the Mystery of His Hidden Face
  • Trump Accuses Israel And Iran Of Violating Truce
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.