Investing.com -- Poland’s Defense Minister, Wladyslaw Kosiniak-Kamysz, announced on Thursday that the country intends to allocate 5% of its gross domestic product (GDP) to defense spending by the year 2026. This statement was made following a meeting of European Union defense ministers held in Warsaw.

Poland’s defense spending has been significantly influenced by Russia’s invasion of Ukraine, a neighboring country, three years ago. As a result, Poland’s defense expenditure as a percentage of GDP is currently higher than any other NATO member, surpassing even the United States.

The country’s defense budget for this year is projected to reach 4.7% of GDP, indicating a steady increase towards the 2026 target.

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