Portugal Aims to Meet Defense Spending Goal of 2% of GDP in 2025

Portugal said it aims to reach a target for investment in defense to represent 2% of gross domestic product in 2025, reaffirming a plan to accelerate spending in the sector.

A fifth of the investment will be on goods, infrastructure and equipment, in line with Portugal’s commitments as a NATO member, according to the government program handed in to parliament on Saturday. The ruling center-right coalition won an early election on May 18, and Prime Minister Luis Montenegro is now serving a second term.