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

NATO's Economic Powers with the Biggest Populations Reaching Military Age

24/7 Wall St. Key Points: NATO constantly needs to replenish its military forces on an annual basis with fresh soldiers and personnel The more populous NATO nations typically contribute more personnel to the alliance as a whole All NATO nations contribute in one way or another Also: 2 Dividend Legends To Hold Forever NATO is constantly in need of replenishing its military forces to stay ready in the event of a global crisis. Having a constant i…

Spain launches $12 billion defense plan to meet NATO’s 2 percent GDP spending target

Spain has historically lagged in defense spending relative to nearly all other NATO nations, but that could change with a high-dollar and wide-ranging build-up.

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 …