Spain’s Defense Budget: A Modest Player in Europe’s Military Spending Landscape

Spain’s defense budget has reached 15 billion euros for 2024, marking a significant increase from previous years. This figure represents approximately 1.3% of Spain’s GDP, still short of NATO’s 2% target. The Spanish government aims to reach this goal by 2029, maintaining an “upward investment cycle” in the coming years. When compared to other major […]