Portugal hits NATO spending target with 5.8 billion loan
Minister of National Defence Nuno Melo defended a 5.8 billion euro investment in the armed forces through the Instrument of Action for European Security (Instrumento de Acção para a Segurança da Europa or SAFE). The government claims the loans are a “unique opportunity” to modernize equipment and cover full life cycles of military assets. Portugal has now reached the NATO target of 2% of GDP in military spending. Taxpayers should note that the government has refuted accusations of a lack of transparency regarding these loans.
Nuno Melo is the president of CDS-PP (Centro Democrático e Social – Partido Popular), a Christian democratic party in Portugal. In the story he linked Chega's position to socialism, compared André Ventura to Donald Trump, and urged party members to vote 'in conscience' in the presidential runoff on the 8th, a stance that could affect centre‑right voters.
