Portugal moves to boost Defense spending via EU clause
11 Articles
11 Articles
For Mariana Mortagua, “understanding that the priority is to spend money on weapons is the same as telling people that health, housing, and education are not a priority”.
Portugal spends 1.55% of GDP on defense, below the 2% requested by NATO.
It is up to us to show that Europe is not only a rhetorical project of peace and prosperity, but that it is also responsible; that it is not limited to denouncing the abuses of others, but that it is up to us when it comes to upholding, with facts, the values that we proclaim The municipalities have the habit of not warning you of the place where they are going to install the offices of those social services that the residents of a neighborhood …
This mechanism allows the State to spend up to 1.5% of GDP on defense-related expenses without them being counted for budget and deficit rules
The European Commission explains, in a statement, that this regime aims to reduce the risk of these companies relocating their activities to countries outside the EU with less ambitious climate policies.
Portugal moves to boost Defense spending via EU clause
Lisbon (Brussels Morning Newspaper) – On Wednesday, the finance ministry announced that Portugal plans to request the European Commission to implement the fiscal escape clause, enabling an increase in defence spending up to 1.5% of its gross domestic product. This … Read more Continue reading Portugal moves to boost Defense spending via EU clause at The Brussels Morning Newspaper.
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