What would you do in charge of the Portuguese Navy from 1890 to 1920 with two percent of the budget?
Short answerPrioritize escorts and patrol ships, then add a few small cruisers for trade protection and overseas presence instead of attempting a capital-ship fleet.
NotesThe proposed fleet begins with dependable escorts and patrol ships. Small cruisers would follow for overseas visits, occasional trade protection, and responses to piracy. A seaplane facility is suggested as a possible addition to those cruisers. The limited budget would support maritime security and global interests, while remaining far short of a force able to fight a major naval opponent.