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46 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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International
The Prime Minister of Bulgaria, Rumen Radev, announced the intention to increase defense spending to 5% of GDP, fulfilling NATO commitments.
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International
Bulgaria is set to increase military spending to 5% of GDP, thus complying with NATO requirements.
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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
Nicușor Dan, at the opening of the B9 Summit: We need to develop a solid transatlantic military industrial base.
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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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Nicusor Dan defense expenditure NATO 5% of GDP budget deficit

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