Europe’s arms: the budget task
EU management is a design procedurally aggravated and therefore almost always slow. But in rare cases, mostly because of an external catalyst, we see quick solutions – in recent weeks the defense has climbed sharply into the scale of priorities. What is the most important:
- Be created A tool for taking on a new total EU debt of € 150 billion. The resource will subsequently be provided to the Member States according to their national investment plans.
- It is envisaged to introduce the so -called. National derogation clause for the period from 2025 to 2028 D. Included. It will allow each Member State to spend on defense by 1.5 percentage points of GDP more than spent in 2021, and additional costs will not be taken into account in assessing whether the state should be put in an excessive deficit procedure.
- Cohesion policy funds in the multiannual financial framework 2021-2027. They can be redirected to increase defense capabilities.
| How to get the amount of EUR 800 billion cited everywhere: a new debt of EUR 150 billion on the SAFE instrument plus additional costs of EUR 650 billion, made by Member States with their own funds. |
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The € 650 billion in question is an estimated value when admitting that all countries are gravely and steadily increasing their defense costs to the maximum fiscal space provided for in the derogation for the four -year period.
In Bulgaria, the re -use of funds from the operational programs will probably not happen on a large scale. It seems that the Bulgarian government will take the position of several countries (led by Poland) to redirect unusual resources under national recovery and sustainability plans – at least because one part is already certain that it will be lost due to the huge delay in reforms and investment projects.
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Increasing costs will not be the same for every country even after receiving the derogation clause. At the very least, some countries are already too indebted and their budgets are chronic with high deficiency (far over 3% of GDP). Separately, some countries already have high costs for the base year (2021) – for example, Greece spent 2.7% of GDP and Latvia 2.5%. Germany is almost at the bottom with 1% of GDP in 2021, with the clause allowing it to spend 65-70 billion euros a year more.
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| Bulgaria spent 1.6% of GDP in 2021, which implies a « new ceiling » of 3.1%. Considering that the budget accepted the pledged defense costs for the period are 2% of GDP, the allowed increase is by 1.1 points, or approximately BGN 2.4 billion a year by 2028. |
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The « Analysis » section presents different perspectives, it is not necessarily the expressed opinions that they coincide with the editorial position of Dnevnik.
