The President of the Government, Pedro Sánchez, It has hidden this Wednesday after the European Union Not to reveal if you will present some new General State Budgets (PGE) with more military spending. The chief of the Executive has wielded that his cabinet is still aware of the «Financing mechanisms» that the EU offers to sustain an increase in military investment.
«These financing mechanisms will be specified over the next few weeksand only then we can specify what our investment path will be to reach 2% of GDP, ”he said in his appearance in the Plenary Session of Congress to inform the last European Council and the current geopolitical situation.
The socialist leader has spoken here about formulas raised by the president of the commission, Ursula von der Leyensuch as “EU loans, activate the exhaust clause to make the public deficit more flexible for a few years, or the use of the European Investment Bank”, between other mechanisms.
However, Sánchez has stressed that his government «is missing a system of transfers such as that of the Community Funds Next Generation (COVID) »he has emphasized, recognizing that “not all countries share this approach.” “But we will give the battle,” he said.
National Industry Plan
The only announcement of the Chief of the Executive in his initial speech has been the implementation before the summer a National Development and Impulse Plan of the Security and Defense Industry, a public-private collaboration program, we are going to do it looking east, and also to the south, with double-use technologies for the SMEs and Startup scales.
Sánchez’s intervention occurs in full debate on whether there will be general state budgets this year 2025 due to the lack of support of an executive who has already made it clear that he feels comfortable with the current extended accounts, although they come from the previous legislature.
In fact, the Socialists wielded this Tuesday that it would be a “loss of time” for Congress to present the budgets without support. However, the opposition and even its partners have remembered the Executive these days that it has the constitutional obligation to present its project, even at the risk of lying it.
Sanchez arrives at this debate after stating that he intends to increase investment in security and achieve the objective agreed with NATO earlier, that is, it will reach 2% of GDP before 2029. However, he has not yet explained how he intends to do it, what deadlines and how he will overcome the lack of support among the majority that made his investiture possible.
Given the possible absence of new PGE in 2025 the government is confident in being able to face the commitment to spend more in defense without having to submit to the approval of the Chamber. Its intention is to use budget items that have not been spent and reassigned to chapters that serve to meet the demands of NATO and EU.
