Spanish Prime Minister Announces Plan to Meet Military Spending Target

Spain is one of several NATO member nations that have lagged behind the alliance’s 2014 military spending goal.

Spanish Prime Minister Pedro Sanchez delivers a statement as he announces pardons for jailed Catalan separatist leaders, at Moncloa Palace in Madrid, Spain, on June 22, 2021. Juan Medina/Reuters

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.