Netherlands hikes defence spending to meet NATO goal

09/05/2024

Less than a minute

2024.09.05 07:23

AMSTERDAM (Reuters) – The Netherlands will increase its defence spending by more than 10% in the coming years, investing in new tanks, fighter jets, frigates and air defence systems in a push to strengthen its forces after years of austerity, the Dutch government said.

Defence spending will be increased by 2.4 billion euros ($2.7 billion), taking the annual budget to around 24 billion euros, it said on Thursday.

© Reuters. FILE PHOTO: Banners displaying the NATO logo are placed at the entrance of new NATO headquarters during the move to the new building, in Brussels, Belgium April 19, 2018. REUTERS/Yves Herman/File Photo

The stimulus puts Dutch defence spending on course to meet the minimum level of 2% of gross domestic product (GDP) for the first time since NATO allies agreed on that threshold 10 years ago.

($1 = 0.9011 euros)

09/05/2024

Less than a minute

Bitcoin (BTC) $ 94,481.31 1.43%

Ethereum (ETH) $ 3,355.58 0.63%

Tether (USDT) $ 0.999685 0.00%

XRP (XRP) $ 2.17 0.32%

BNB (BNB) $ 694.53 0.47%

Solana (SOL) $ 186.20 1.31%

Dogecoin (DOGE) $ 0.314033 0.04%

USDC (USDC) $ 1.00 0.01%

Lido Staked Ether (STETH) $ 3,353.65 0.58%

Cardano (ADA) $ 0.890065 3.15%

TRON (TRX) $ 0.260456 3.54%

Avalanche (AVAX) $ 37.36 0.32%

the-open-network

Toncoin (TON) $ 5.84 2.03%

Chainlink (LINK) $ 22.63 0.76%

Wrapped stETH (WSTETH) $ 3,974.66 2.37%

Shiba Inu (SHIB) $ 0.000022 0.96%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 94,308.27 1.34%

Sui (SUI) $ 4.20 0.34%

Bitget Token (BGB) $ 8.19 11.33%

Stellar (XLM) $ 0.352545 0.81%

hedera-hashgraph

Hedera (HBAR) $ 0.279271 3.33%

Polkadot (DOT) $ 7.02 0.93%

WETH (WETH) $ 3,354.28 0.64%

Hyperliquid (HYPE) $ 27.29 3.37%

Bitcoin Cash (BCH) $ 447.77 2.23%

LEO Token (LEO) $ 9.19 0.11%

Uniswap (UNI) $ 13.48 3.38%

Litecoin (LTC) $ 103.06 0.80%

Pepe (PEPE) $ 0.000018 3.56%

Wrapped eETH (WEETH) $ 3,541.85 0.66%

NEAR Protocol (NEAR) $ 5.20 2.89%

Ethena USDe (USDE) $ 0.998467 0.04%

USDS (USDS) $ 1.00 0.16%

Aptos (APT) $ 8.88 1.01%

internet-computer

Internet Computer (ICP) $ 10.35 0.63%

Aave (AAVE) $ 327.90 1.93%

crypto-com-chain

Cronos (CRO) $ 0.150807 0.73%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.487392 1.64%

Mantle (MNT) $ 1.21 2.79%

Ethereum Classic (ETC) $ 26.35 1.86%

VeChain (VET) $ 0.046682 0.56%

Render (RENDER) $ 7.14 0.15%

Monero (XMR) $ 192.95 2.14%

Bittensor (TAO) $ 481.63 2.69%

WhiteBIT Coin (WBT) $ 24.58 0.21%

Dai (DAI) $ 1.00 0.08%

Artificial Superintelligence Alliance (FET) $ 1.34 6.20%

virtual-protocol

Virtuals Protocol (VIRTUAL) $ 3.49 19.42%

MANTRA (OM) $ 3.66 0.65%

Arbitrum (ARB) $ 0.775753 3.85%