World

Dutch finance minister proposes cuts to aid, asylum spending

Jul 12, 2025

The Hague [Netherlands], July 12: Dutch Finance Minister Eelco Heinen on Friday proposed cuts to development cooperation and asylum-related spending in order to meet the North Atlantic Treaty Organization (NATO)'s new defense spending target.
Speaking on the Dutch broadcaster BNR Radio, Heinen said the Netherlands must gradually restructure its budget priorities to align with NATO's new requirement, which was agreed upon at the NATO summit held in The Hague in June.
Under the new agreement, NATO member states will raise their defense spending to 5 percent of their gross domestic product (GDP) annually by 2035.
The Dutch government has agreed to raise defense spending to meet NATO's new target. Currently, the Netherlands spends some 2 percent of its GDP on defense.
Source: Xinhua News Agency

More news

ACCE (I) Organized the National Conference on 'Next-Gen Highrise Buildings' in Hyderabad

The Association of Consulting Civil Engineers (India) [ACCE(I)], Hyderabad Centre, kickstarted its two-day national conference on 'Next-Gen Highrise Buildings - Advancements in Composite and Steel Structures' today at the ESCI Campus, Gachibowli. The event was formally inaugurated by Shri D. Sridhar Babu, Hon'ble Minister for IT, Electronics & Industries, Government of Telangana, who underlined the need for innovation in sustainable infrastructure and urban growth. Prominent industry figures, including Mr. Rajkumar Kacharla, President, South, Vice President, ACCE(I), Mr Er. Kashiram Adepu, governing council member and immediate past chairman, ACCE (I) Hyderabad Centre, Mr. Er. Bheem Rao Jaligama, Vice-Chairman and In-charge Chairman, ACCE(I) Hyderabad Centre, Mr. Er. C. Ramesh, Hon. Secretary, ACCE(I), Mr. Sudhakar, Co-Option Member, ACCE(I), along with other ACCE (I) members, addressed the gathering, highlighting the growing relevance of steel and composite technologies in high-rise construction.

Jul 12, 2025