Economy

Spain Accelerates NATO Defense Spending Goal to 2025, Boosting Security and Tech

Spain's Commitment to NATO and EU Security Strengthened

In a significant move to enhance national and collective security, Spanish Prime Minister Pedro Sanchez announced Spain's plan to meet NATO's 2% defense spending target by 2025, ahead of the initially scheduled timeline.

Strategic Defense Investment

The Council of Ministers has approved a substantial €10.47 billion increase in defense expenditure. This investment is strategically directed towards telecommunications, cybersecurity, and military procurement, aligning with a broader industrial and technological strategy to fortify Spain's position within NATO and the European Union.

Next Steps

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