Key facts
- The Czech Republic will miss NATO's defense spending target of 2% of GDP this year.
- Czech Prime Minister Andrej Babis announced the country will miss the target.
- The Czech Republic aims to meet the 2% GDP defense spending target by 2027.
- Slovakia's government won a confidence vote in parliament.
- Prime Minister Robert Fico leads the Slovak government.
- The confidence vote was triggered by a breach of Slovakia's legal debt limits.
- A Constitutional Court ruling preceded the confidence vote in Slovakia.
The Czech Republic is set to miss NATO's defense spending target of 2% of GDP for the current year. Prime Minister Andrej Babis announced that the country will not meet the benchmark, attributing the decision to the need to prioritize public finances. The Czech Republic now plans to achieve the 2% GDP defense spending goal by 2027.