Spain's Commitment to Defense: A 2% GDP Goal

Spain's Prime Minister Pedro Sanchez confirmed that the country will achieve NATO's target of 2% of GDP on defense spending in 2023. The government plans to boost spending by €10.47 billion, emphasizing telecommunications and cybersecurity enhancements.

In a significant political move, Spanish Prime Minister Pedro Sanchez announced that Spain will meet NATO's defense spending target of 2% GDP this year.

The government plans to increase its defense budget by 10.47 billion euros, which amounts to approximately $12.04 billion.

This boost will primarily focus on advancing telecommunications and cybersecurity, marking a strategic emphasis on modernizing Spain's military capabilities.

(With inputs from agencies.)