Finance Minister Boštjančič: Cohesion Funds May Be Used for Security Purposes

Brussels – Slovenian Finance Minister Klemen Boštjančič has suggested that a portion of the cohesion funds could be redirected towards enhancing security measures. Speaking in Brussels during a gathering of EU finance ministers focused on defense and security financing, he emphasized that these funds could support not only infrastructure projects but also initiatives for dual-use applications.

“It is imperative that we bolster our security capabilities. I intentionally refer to security capacities instead of solely defense capacities,” he stated. He clarified that enhancing security can involve projects designed for both civilian and military purposes, rather than just military equipment. This encompasses areas such as cyber and information security, as well as critical infrastructure improvements.

“We are discussing expenditures aimed at boosting security capabilities, and we believe a portion of the cohesion funds can be allocated for these efforts. Ultimately, funds earmarked for infrastructure projects under cohesion initiatives could be utilized for these purposes,” he added.

The European Commission’s recent proposal, unveiled last week, also contemplates the reallocation of some cohesion funds to strengthen European security and defense. This plan could potentially unlock an additional 800 billion euros in investments for this sector.

Moreover, it suggests a four-year suspension of certain European budgetary regulations and the creation of a new financial mechanism that would provide member states with up to 150 billion euros in loans for defense-related investments. (March 11)


Comments

6 responses to “Finance Minister Boštjančič: Cohesion Funds May Be Used for Security Purposes”

  1. Slint FUBAR Avatar
    Slint FUBAR

    Cohesion funds for security? Brilliant! Nothing says “we care about your safety” like dipping into the budget meant for fixing potholes. 🚧💰 Who knew infrastructure and military could be best mates? 🤷‍♂️

  2. santas little helper Avatar
    santas little helper

    Isn’t it charming how our finance minister thinks cohesion funds can magically transform into a security budget? Maybe next, he’ll suggest using leftover pizza for diplomatic dinners! 🍕💸

  3. Old Orange Eyes Avatar
    Old Orange Eyes

    Oh great, just what we needed—turning our “cohesion” funds into a sort of Euro-security piggy bank. Who knew that building a solid infrastructure included armoring up like it’s a Cold War revival? 💶💪

  4. Oh, wonderful! Just what we needed—turning cohesion funds into a budget for a superhero squad. I suppose next they’ll be asking us to fund a space program for “intergalactic security.” 😂💸

  5. Sugar Hiccup Avatar
    Sugar Hiccup

    Oh, brilliant! Because what better way to strengthen our security than by using funds meant for knitting cozy bridges and painting parks? 😂 Next, we’ll be funding a five-star military with the budget for community picnics! 🍷💸

  6. So, we’re reshuffling the cohesion funds to get some shiny new security upgrades, huh? Brilliant idea! Next, maybe we can suggest using the funds for a European space program while we’re at it—after all, who doesn’t want a satellite to keep an eye on their neighbor’s garden? 😂💸 #Priorities

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