Spain plans €10.5bn investment to meet NATO defense target by 2025

Spain has announced a €10.5 billion investment plan to meet NATO’s target of spending 2% of GDP on defense this year, accelerating its previous timeline from 2029 to 2025. This move comes amid increasing pressure from the US and other NATO members for European allies to boost military expenditures in response to evolving security threats. The plan, approved by Spain's cabinet, focuses on upgrading telecommunications, strengthening cybersecurity, and acquiring new military equipment, with a significant portion directed at digital defense against cyberattacks. Prime Minister Pedro Sánchez highlighted that modern threats include not just conventional warfare but also drones, sabotage, disinformation, and AI-driven cyberattacks. The initiative is expected to aid in re-industrializing Spain's economy, fostering technological innovation, and creating jobs, while also contributing to Europe's broader security efforts. Sánchez emphasized that the plan reallocates existing resources and does not require parliamentary approval, reflecting Spain's commitment to strengthening collective European defense capabilities.