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Spain Boosts Defense Budget by $21.3 Billion Amid Criticism

1/23/2025

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Summary

Story summary

Spain is set to invest $21.3 billion in defense for 2024, a move that Prime Minister Pedro Sánchez staunchly defends amid Donald Trump's criticism. Highlighting a remarkable 70% increase in defense funding over the last ten years, Sánchez reaffirms Spain's dedication to achieving NATO's 2% GDP target, solidifying its status as the alliance's 10th largest contributor.

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Story summary

Spain is set to invest $21.3 billion in defense for 2024, a move that Prime Minister Pedro Sánchez staunchly defends amid Donald Trump's criticism. Highlighting a remarkable 70% increase in defense funding over the last ten years, Sánchez reaffirms Spain's dedication to achieving NATO's 2% GDP target, solidifying its status as the alliance's 10th largest contributor.