Tag #Defense Spending

Showing 253 to 264 of 724 results

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Coalition to Cut Housing, Energy Funds to Finance Election Promises

Peter Dutton's Coalition plans to fund its \$50 billion election promises by cutting \$15 billion from the Rewiring the Nation and Housing Australia Funds, impacting national electricity upgrades and affordable housing, while also cutting 41,000 public servants and forgoing \$16 billion in student d...

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Estonia Announces €2.8 Billion Defense Spending Increase

Estonia approved a €2.8 billion, four-year defense spending plan to reach NATO capacity goals, increasing its defense spending to 5.4% of GDP by 2029, driven by Russia's invasion of Ukraine and the need to match and surpass its military capabilities.

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welt.de
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Germany Seeks EU Exception for Increased Military Spending

Germany is seeking an EU exception to its debt rules to accommodate planned increases in military spending, a move potentially setting a precedent for other member states facing similar challenges.

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Geopolitical Instability Spurs Debate on Mandatory Military Service in Europe

Rising geopolitical instability, particularly the war in Ukraine, is prompting countries like Poland and Germany to consider reinstating mandatory military service, while Portugal debates increased defense spending amid public opposition to conscription.

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Hastie Defends Campaign Work Amidst Absence Claims

Australian shadow defence minister Andrew Hastie clarifies his campaign activities, revealing extensive travel across 24 electorates and participation in defence forums nationwide, countering media portrayals of his absence.

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elmundo.es
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Spain Allocates €10.471 Billion for Defense Modernization in 2025

Spain's 2025 defense budget, totaling €10.471 billion, prioritizes army modernization (€687 million) with new vehicles and artillery, and naval upgrades (€495 million) including frigate modernization and new supply ships, aiming to enhance defense capabilities and meet international commitments.

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it.euronews.com
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Estonia Approves €2.8 Billion Defense Spending Plan

Estonia's parliament approved a €2.8 billion, four-year defense spending plan, raising its average defense spending to 5.4 percent of GDP by 2029, driven by Russia's invasion of Ukraine and exceeding NATO's 2 percent target, to enhance military capabilities and regional security.

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gr.euronews.com
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Estonia boosts defense spending to 5.4% of GDP

Estonia will increase its defense spending by €2.8 billion over four years, reaching 5.4% of its GDP by 2029, in response to Russia's invasion of Ukraine and to surpass its adversaries' military development.

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elpais.com
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Spain Cancels €6 Million Arms Deal with Israeli Firm Amidst Coalition Tensions

The Spanish government cancelled a €6 million contract with an Israeli firm for ammunition after public outcry and internal pressure within the coalition, highlighting tensions over defense spending and foreign policy regarding the ongoing Gaza conflict.

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politico.eu
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Italy's Contentious Plan to Meet NATO's Defense Spending Target

Italy aims to meet NATO's 2 percent GDP defense spending target by 2025 by reclassifying existing civil expenditures, a move facing uncertainty from the EU and NATO, who may challenge its accounting methods at the June summit, potentially increasing political pressure.

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themarker.com
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IMF Lowers Growth Forecast; Israel Faces Fiscal Crisis Amidst War

The IMF lowered its global growth forecast to 2.8% for 2024, impacting Israel's projected 3.2% growth and increasing concerns about the NIS 5 billion annual military budget overruns amidst a lack of fiscal restraint.

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pt.euronews.com
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Portugal Seeks EU Exception for Defense Spending

The Portuguese government will request an EU exception to exclude up to 1.5% of its GDP in defense spending from deficit calculations, aligning with EU and NATO goals to increase military investment amid the war in Ukraine and ahead of national elections on May 18th.

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Showing 253 to 264 of 724 results