NATO on Thursday said all its members were finally set this year to hit the alliance’s previous defence spending target of two percent of GDP — as they gear up for a far more ambitious goal.

The 32-nation military alliance agreed at a June summit in the Hague to massively hike defence spending over the next decade under pressure from US President Donald Trump.

The mercurial US leader rammed through a commitment from allies to cough up five percent of their GDPs on security-related spending in a move seen as key to keeping him engaged with NATO.

That headline figure breaks down as 3.5 percent on core defence spending and 1.5 percent on a looser range of areas such as infrastructure and cyber security.

The new target replaces the alliance’s former military spending goal of two percent th

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