The new German government estimates that defense spending will not lead to penalties for the budget deficit, which will exceed 3% of GDP.
Delia Niculescu
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The Berlin government has said it does not expect increased defense spending to be considered a breach of EU budget deficit rules. Although Germany's deficit is forecast at 3.3% of GDP, defense spending is expected to account for 0.3%. The European commission will assess the situation in the spring, and an EU rearmament plan could allow countries to increase their military budgets without breaking budget rules.
Sources
Comisia Europeană nu va penaliza Germania dacă depăşeşte reglementările UE privind deficitul bugetar
Germania nu va fi penalizată dacă depășește reglementările UE privind deficitul bugetar
Germania nu va fi penalizată dacă depășește reglementările UE privind deficitul bugetar
Bruxelles-ul închide ochii: Germania, exceptată de la sancțiuni pentru depășirea deficitului
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