National “mechanism” of covering the additional budgetary weight that will bring the new EUR 28 billion equipment program between 2029 – 2037 (so the escape clause will not apply for expenditure defense that has proposed the Commission) is on the table at the competent agents of the Financial Staff.
This is because the escape clause proposed by the Commission is valid for the period 2025 – 2028, while the Greek equipment program is (which is the heart of the increase in defense costs) between 2025 – 2037. In other words, the escape escape claus will be 4 years.
This means that 8 of the 12 years of the equipment program are “uncovered” on the European point of view and must be covered by the Greek side in order to avoid any disorders in the implementation of the budget after 2028…
This national “mechanism” of budgetary support of the new equipment program after the end of the escape clause in 2028 (and if the Commission does not extend), which are examined by these factors, provides for the mobilization of the reserve that the state maintains to deal with natural disasters (600 million euros). Package of permanent measures this year) for the Public Investment Program (EUR 500 million).
Overall, that is, the state has a “reserve” of how much of the € 1.1 billion, which is provided in this Medium Term Program (2025 – 2028) and will be registered in the next Medium Term, that is to say, the period after 2028 and will therefore not be considered as an additional expense.
If the reserve for a natural disaster (EUR 600 million) is not needed for a year, it will be able to be allocated to cover part of the “vacuum” of increasing defense spending resulting from the upcoming – from 2029 – the expiry of the power clause.
Although this is not enough, the amount of the increase in the RIP (EUR 500 million) can be used, and moreover, in Brussels there is a climate of activation of the escape clause, not only to increase expenditure but also to increase spending on investment…