The deadline set by the European Commission for member states to submit requests for the simultaneous activation of a budgetary clause under the Stability and Growth Pact concludes today. As of this deadline, twelve countries, including Portugal, have requested the activation of the clause related to the plan to rearm Europe.
Alongside Portugal, Belgium, Denmark, Estonia, Finland, Germany, Greece, Hungary, Latvia, Poland, Slovakia, and Slovenia have made similar requests.
The European Commission anticipates receiving additional requests from other member states and aims to complete the process by June.
In a statement released on April 23, by the Ministry of Finance, it was explained that activating this clause allows defense-related expenditures, up to a limit of 1.5% of GDP, to be exempted from the limits imposed by the caps on net primary expenditure, as defined in the National Structural and Medium-Term Budgetary Plan for 2025-2028.
IG // PSC
Lusa/End
