COMMUNICATION FROM THE COMMISSION
Accommodating increased defence expenditure within the Stability and Growth Pact: Link here:
WARNING
- ACTIVATION: Member States are invited to come forward with their requests to activate the national escape clause by the end of April
- DEVIATION CAP: up to a maximum of 1.5% of GDP for each year of activation of the clause
- DURATION: national escape clause for defence expenditure would be available for a period of four years, starting from 2025.
- SAFEGUARDS: Debt and deficit numerical safeguards de facto suspended but the deviation from the net expenditure path set by the Council does not endanger fiscal sustainability over the medium term.