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May 22, 2025
Published by IME on May 22, 2025
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Europe’s Defence Spending Surge: Fiscal Flexibility or Budget Dodge?

Bulgaria and fifteen other member states have declared their intention to increase (in a coordinated manner) their defence spending without violating the new EU fiscal rules framework. Simply put, the budget deficit will be allowed to exceed 3 per cent of the GDP for the period 2025–2028 if it is allocated to additional military spending, whether in the form of investments or recurrent expenditures.
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April 9, 2025
Published by IME on April 9, 2025
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How Much Do European Countries Spend on Defence, and How Much Does It Matter to Them?

Amid the heated transatlantic disputes of the last few weeks and the realisation that the US wants to play a smaller role in the defence of Europe, one thing is becoming clearer – the EU in the coming years will have to invest more in defence.
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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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EPICENTER publications and contributions from our member think tanks are designed to promote the discussion of economic issues and the role of markets in solving economic and social problems. As with all EPICENTER publications, the views expressed here are those of the author and not EPICENTER or its member think tanks (which have no corporate view).

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