Economy

Spain Accelerates Defense Spending to Meet NATO Target by 2025, Boosting Security and Technology

Spain's Commitment to NATO and EU Security

In a significant move to enhance national and collective security, Spanish Prime Minister Pedro Sanchez announced on Tuesday that Spain will achieve NATO's 2% defense spending target by 2025, surpassing the initial deadline by four years. This decision underscores the government's dedication to strengthening Spain's defense capabilities and its role within NATO and the European Union.

Strategic Defense Investment

The Council of Ministers has approved a substantial €10.47 billion increase in defense expenditure. This investment will primarily focus on advancing telecommunications, cybersecurity, and military procurement, aligning with a broader industrial and technological strategy aimed at securing Madrid's position in global security frameworks.

Next Steps

The detailed plan is set to be submitted to Brussels and NATO headquarters on Wednesday for official review and approval, marking a pivotal step in Spain's defense strategy evolution.