Poland 'must move slowly' in upping military spending
June 16, 2014
The Polish government will have to adjust its military spending only gradually to move from the current statutory target of 1.95% of GDP to 2.0% in line with recent calls from the nation's top leaders, Finance Minister Mateusz Szczurek has said.
"It's a lot and will be very difficult to meet the goal of 2% already next year," Szczurek said during an interview with broadcaster Polsat News. Szczurek also said that an installment on new fighter jets, not taken into account in the statutory military spending level, would put Polish military spending at 2.3% of GDP in 2015.
"In 2015 Poland will remain in the excessive deficit procedure," Szczurek said of the spending outlook. "Spending on defense must be increased and it will happen in line with the capacities of public finance."
Polish President Bronislaw Komorowski announced the 2% target during US President Barack Obama's visit to Warsaw last week.