2% GDP
Coverage of 2% GDP in the Nexus archive.
- Ten Tax Breaks Cost Mexico 2.1% of GDP, a New Fiscal Study Finds
A CIEP study reveals that ten tax breaks in Mexico cost approximately 776 billion pesos in 2026, equivalent to 2.1% of GDP, with the zero VAT on food being the largest single expense.
- Macron trumpets high defense spending in last speech to the troops
French President Emmanuel Macron emphasized increased defense spending and European defense cooperation in his final speech to the armed forces. He highlighted France's military spending reaching €64 billion by 2027 and criticized nationalism, while far-right leader Marine Le Pen's potential NATO policy shifts were noted.
- Five NATO members seen to spend over 3.5% of GDP on core defence this year, alliance estimates show
Five NATO members are projected to meet the 3.5% GDP core defense spending goal in 2026, according to updated NATO data. The alliance previously aimed for 2% by 2035, but leaders now target 3.5% by 2035, with some members still expected to spend around 2%.