Luxembourg Introduces Defense Bonds for Citizens to Invest in National Defense
The Luxembourg government has introduced 'Defense Bonds' to allow citizens to invest in national defense, aiming to raise €150 million over three years for military projects. With a minimum investment of €1,000 and an annual tax-free interest rate of 2.25%, the initiative is part of a broader strategy to enhance economic development and meet NATO spending goals, which require an additional €1.8 billion over five years.
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The Luxembourg government has launched 'Defense Bonds' allowing citizens to invest in national defense, aiming to raise €150 million over three years. The bonds, comparable to fixed-term deposits, will fund military projects.
Finance Minister Gilles Roth announced the initiative to enhance economic development through citizen savings, targeting a return on investment. Investors can purchase bonds from €1,000 up to €150,000.
The scheme offers an annual interest of 2.25%, tax-free, with full capital repayment guaranteed after three years. The Defense Ministry anticipates needing €1.8 billion more over five years to meet NATO spending goals, with projected defense spending exceeding €3 billion annually by 2035.
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