Trump’s administration seeks to reduce its contribution from 22% to 16% of NATO’s overall budget
Trump’s administration has decided to cut its financial contribution NATO in 2020 and to send saved money to help non-NATO countries – Ukraine and Georgia, CNN reports.
“All Allies have agreed a new cost sharing formula. Under the new formula, cost shares attributed to most European Allies and Canada will go up, while the US share will come down. This is an important demonstration of Allies’ commitment to the Alliance and to fairer burden-sharing,” NATO official informed.
According to him, the new formula for distribution of contributions to the budget of the alliance was agreed this week.
As we reported earlier, U.S. federal court two federal agencies to hand over the documents related to Trump administration’s withholding of military aid to Ukraine to the media organization “Center for Honesty in Society”, The Hill informed.
“The requested documents are sought in order to inform the public on a matter of extreme national concern,” Colleen Kollar-Kotelly, a district judge for the District Court for the District of Columbia stated.
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This story is misleading, as you would expect from 112. This 22% is separate from the 2% defense budgets countries are expected to pay, It is for the day to day running of NATO. The amount saved will be around $150 million.
Still a good thing though.
Putin agreed.