Edition 1479
16 June 2018
Edition: 1479

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NATO says Portugal’s growth allows for defence spending boost

by TPN/Lusa, in News · 15-02-2018 14:46:00 · 1 Comments

The secretary-general of the North Atlantic Treaty Organisation, Jens Stoltenberg, has called on Portugal to take advantage of the economic growth that it is currently enjoying to spend more on defence, while expressing confidence that all NATO members will be able to increase spending to the agreed target of two percent of gross domestic product by 2024.

NATO says Portugal’s growth allows for defence spending boost

“Portugal has started to increase its defence budget and we see that, with the economic growth that it is recording, there is more scope for increasing defence spending,” Stoltenberg said at a news conference in Brussels on Tuesday, on the eve of a meeting of NATO defence ministers.
The NATO secretary-general recalled that each member has submitted a plan outlining how it will achieve the commitment made in 2014, when at a summit in Wales the allies agreed that, within a decade - to 2024 - they would ensure defence spending reached two percent of GDP.
At present, Portugal channels the equivalent of 1.32 percent of GDP into defence.
Stoltenberg hailed the five percent growth in overall defence spending last year by NATO members, saying that this was “much larger” than could have been foreseen in 2014.
“After years of decline, since 2014 we’ve seen growth in investment in defence all across Europe,” he said. “National plans show that we can expect still greater growth. This year we expected eight allies to attain the two percent goal, and by 2024 another 15 countries will do it.”
While all this represents “substantial progress”, he said, there is still a long way to go.
Stoltenberg also took the opportunity to dismiss ideas that increased investment in defence by the European Union could lead to it competing with NATO in some way, saying that its efforts would be “complementary”.

Comments

Typical political mismanagement: Portugal still has a deficit, increasing spending on defense means simply spending money you do not have. And that is exactly the problem governments have and refuse to understand. Balance the budget, try to create a plus to decrease debt, its what any normal household would do. But please do not spend money you do not have!
by Ronald Woorts from Algarve on 17-02-2018 09:28:00

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Edition 1479
16 June 2018
Edition: 1479

Read this week's issue online exactly as it appears in print.

Twitter