NATO's European members and Canada have agreed to increase their contributions to the common budgets of the alliance and to reduce the US share the week before their 3-4 December leaders' meeting in London, sources have confirmed.
A NATO official told Jane's on 28 November, "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."
The German news agency dpa reported on 28 November that the 29 NATO allies had agreed to change the formula for calculating their contributions to NATO common budgets, with the US share falling from 22% to 16% and the German share rising from 15% to 16%.
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