NATO collects defence expenditures from Allies on a regular basis and presents aggregates and subsets of this information. Each Allied countries' Ministry of Defence reports current and estimated future defence expenditure according to an agreed definition of defence expenditure, and represent payments actually made, or to be made, during the course of the fiscal year. NATO also makes use of up-to-date economic and demographic information available from the Directorate-General for Economic and Financial Affairs of the European Commission, and the Organisation for Economic Co-operation and Development. In view of the differences between this definition and national definitions, the figures shown may diverge considerably from those which are quoted by national authorities or given in national budgets. Research and development expenditures related to major equipment are included in equipment expenditures and pensions paid to retirees in personnel expenditures.
The cut-off date for information used in this report is 7 January 2016.
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NATO - North Atlantic Treaty Organisation issued this content on 28 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 11:28:32 UTC
Original Document: http://www.nato.int/cps/en/natolive/news_127537.htm?selectedLocale=en
