Spain to meet Nato’s 2% defence spending target this year, says PM

Spanish Prime Minister Announces Plan to Meet Military Spending Level

Spanish Prime Minister Pedro Sanchez announced on April 22 a 10.5 billion euro (about $12 billion) plan to bring his country in line with a NATO alliance military spending target by the end of 2025. In 2014, NATO set a goal for each member nation to contribute at least 2 percent of its gross domestic product to its military. Many alliance members have lagged behind the spending goal over the past decade, including Spain. A majority of the 32 NAT…

Spain Commits €10.5 Billion to Meet NATO Defense Target and Boost Industry

On April 22, 2025, Spain’s government confirmed it will inject an extra €10.5 billion into defense this year, pushing total spending to €33.1 billion and meeting NATO’s 2% of GDP target four years ahead of its prior schedule. Prime Minister Pedro Sánchez presented the plan after a cabinet meeting, emphasizing Spain’s need to catch up […]

Without cutting social or environmental spending, without raising taxes, without increasing the deficit or indebtedness... and without General State Budgets approved this year. The quadrature of the circle that lies ahead of the government to raise spending on Defense from 1.4% of GDP that reached last year to 2% at the end of this year, as has been committed this Tuesday the president of the government, Pedro Sánchez, implies to date several li…

The president assures that this will meet the objective of investing 2% of GDP in defense spending. This is an increase in spending of “10.740 million euros and that it will allow to go from 1.4% in 2024 to 2% in 2025,” he clarified. READ ALSO President Nicolás Maduro alerts about decision to multiply EU military spending This decision is subject to international pressure from NATO and the European Union for a regional rearmament in the face of …

Spanish spending spike to help hit NATO budget target this year

Spain so far has been among the alliance’s lowest defense spenders, with just 1.3% of the country’s total economic power going to the military.

Spain has announced an investment plan of 10.5 billion euros to ensure it meets its long-delayed commitment in NATO to spend 2 percent of GDP on defense this year, with Prime Minister Pedro Sanchez stating that it has become obvious that “only Europe will know how to protect Europe” from now on. reports The Guardian.