UK defence spending projected to reach 2.3 percent of GDP this year given increased Ukraine support

UK defence spending projected to reach 2.3 percent of GDP this year given increased Ukraine support
2 min read
The UK's new projection would be above NATO's estimate that it would spend 2.12 percent of GDP on defence this year, and higher than an estimated 2.26 percent in 2021.
The estimate came after UK Defence Secretary Ben Wallace called for more funding [Ian Forsyth/Getty-archive]

Britain's defence spending is projected to reach 2.3 percent of its GDP this year due to increased military support for Ukraine amid Russia's invasion of that country, the government said in a statement late on Tuesday.

The estimate came after UK Defence Secretary Ben Wallace called for more funding, saying Britain must bolster its defence investment to tackle threats not only from Russia but from China and other countries.

Wallace has urged Prime Minister Boris Johnson to increase the defence budget to 2.5 percent of gross domestic product by 2028, according to a TalkTV report.

Britain's new projection would be above NATO's estimate that it would spend 2.12 percent of GDP on defence this year, and higher than an estimated 2.26 percent in 2021.

The Atlantic alliance asks members to keep its defence spending above the 2 percent threshold but Johnson was expected to challenge that argument.

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At the NATO's Madrid summit on Wednesday, Johnson will also announce new military commitments to NATO, and will urge allies to discuss a new target for defence investment from 2024, the government added in its statement.

"Over the next ten years the threats around us are only going to grow. We need allies – all allies – to dig deep to restore deterrence and ensure defence in the decade ahead," the statement said, quoting from Johnson's prepared speech.

"The 2% was always meant to be a floor, not a ceiling and allies must continue to step up in this time of crisis."

Britain said it would also ensure rapid reinforcements for Estonia if required, and would deploy artillery, air defence and helicopters in the country.

Estonia was annexed by the former Soviet Union in 1940 and gained independence in 1991.

Since Russia invaded Ukraine in February, the Baltic states of Estonia, Latvia and Lithuania have been calling for their region to receive the biggest build-up of combat-ready NATO forces in Europe since the end of the Cold War, fearing they could be next.

(Reuters)