Portugal Reiterates It Will Meet Defense Spending Goal in 2025
Portuguese Prime Minister Luis Montenegro reiterated his country will reach a target for investment in defense to increase to 2% of gross domestic product in 2025, while sticking to fiscal discipline.
Portugal is among countries that haven't met that existing NATO goal yet, with its defense spending reaching an estimated 1.55% of GDP in 2024. NATO Secretary General Mark Rutte now wants countries in the alliance to back a new core defense spending target of 3.5% of national output, as well as an additional 1.5% of GDP for defense-related spending.
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