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124 new news items in the last 24 hours
  1. Home
  2. Economy

Nicușor Dan, statements on defense spending: Romania will increase budget despite record deficit

Sanziana Georgescu
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3 June 2025, 16:51
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Economy
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In the context of a record budget deficit, Romania commits to increase the defense budget to 5% of GDP, in compliance with NATO requirements. President Nicușor Dan underlines the importance of standardizing military spending in Europe and notes that the NATO summit will discuss this proposal. Romania, with the current 2.3%, will have to add 1.5% for military infrastructure, including the modernization of the port of Constanta and the improvement of transport links.

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Stiripesurse
Nicușor Dan anunță cheltuieli record pentru înarmare: 5% din PIB e în interesul nostru
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Romania TV
Nicușor Dan, declarații privind alocarea a 5% din PIB pentru apărare: „Amenințarea este reală și nu ne permite să nu cheltuim”

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NEWS ON THE SAME TOPICS

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Current Affairs
Nicușor Dan: Romania assumes an increase in defense spending to 3.7% of GDP and joins the NATO Drone Edge program.
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Current Affairs
CSAT approved the Army’s Equipment Plan for 2027–2036. Romania will increase defense spending to 5% of GDP by 2035
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International
Mark Rutte emphasized the importance of defense spending, mentioning that countries need to have a "credible path" to reach 5% of GDP by 2035.
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Current Affairs
Nicuşor Dan supports that the USA remains the main security provider of NATO and estimates that the defense industry will be revitalized in two to three years.
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International
Prime Minister Andrej Babis announced that the Czech Republic will not meet the 2% of GDP defense target this year
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International
Poland anticipates a declining budget deficit and an economic growth of 3% in 2027, against the backdrop of record spending on defense.
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Nicusor Dan defense expenditure NATO 5% of GDP budget deficit

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