Newest NATO Member Finland to Spend 2.3% of GDP on Defense

HELSINKI - NATO's newest member Finland plans to spend 2.3% of its gross domestic product (GDP) on defense next year, its defense ministry said on Monday.

In July, NATO's 31 member-nations agreed to spend a minimum of 2% of their GDP on defense. Previously the 2% target had been a goal to aim for over time and only seven allies met the target in 2022, according to NATO.

Finland joined the alliance in April,