SpaceWar.com - Your World At War
16 EU states seek budget concessions to lift defence spending
Brussels, Belgium, April 30 (AFP) Apr 30, 2025
Sixteen European Union countries will seek exemptions from the bloc's public debt rules so they can ramp up defence spending, the EU said Wednesday.

With the continent looking to rearm following Russia's invasion of Ukraine and US President Donald Trump's stance on European security, the European Commission last month said it would give member states more wiggle room on spending.

In an easing of its once strict rule on budget deficits, Brussels will now let states splash out up to 1.5 percent of national output on defence for four years without fear of breaching its strict public debt limits.

Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Greece, Croatia, Latvia, Lithuania, Hungary, Poland, Portugal, Slovenia, Slovakia and Finland have decided to trigger the budget exemption clause, an EU statement said.

EU countries had until the end of April to inform the bloc of their decision to opt in to the suspension.

Twelve countries had already formally requested exemption and four more had committed to do so, according to the European Commission and European Council.

In March, the EU forecast that the suspension could unlock defence spending worth up to 650 billion euros ($736 billion), while acknowledging that figure was an estimate.

France, Spain and Italy have been among countries to stay away from the exemption, even though they have pledged to increase their defence spending.

"We remain open for more requests" for exemptions, European Economic Affairs Commissioner Valdis Dombrovskis said on Wednesday, quoted in a press release.

Since 2021 military spending by the 27 EU members has risen by more than 31 percent, reaching 326 billion euros in 2024.


ADVERTISEMENT




Space News from SpaceDaily.com
After two setbacks, SpaceX could try to launch massive Starship next week
Doubt cast on claim of 'hints' of life on faraway planet
S.Africa moves to ease black empowerment law under Starlink pressure

24/7 Energy News Coverage
Trump signs orders to boost US nuclear energy
Anthropic's Claude AI gets smarter -- and mischievious
Suriname president vows oil bonanza won't hit carbon-negative status

Military Space News, Nuclear Weapons, Missile Defense
Russia strikes Kyiv after first stage of major prisoner swap
Growing Arctic military presence worries Finland's reindeer herders
South Korea says concerned by China's 'no-sail zone' in overlapping waters

24/7 News Coverage
Fears for crops as drought hits northern Europe
Abrupt Soil Moisture Loss Drives Global Water Flow into Oceans, Raising Sea Levels
Ancient Climate Shifts and Their Impact on North American Landscapes



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.