NATO’s 2% spending target

NATO’s 2% spending target

Blog Article

In defence spending, however, Spain is a laggard. Its expenditure in 2024, at 1.28% of GDP, was not only the lowest among EU countries but the lowest among all 32 NATO members (see Figure 4). Under pressure from the US government, Sánchez has promised to reach NATO’s 2% spending target, set in 2014, this year. Spain had previously said it would only attain it in 2029. That figure, however, has been superseded by US President Donald Trump’s demand, reportedly supported by NATO chief Mark Rutte, for a much higher mark of 5%, which is clearly beyond Spain’s capabilities. The issue will be thrashed out at the NATO summit later this month. สล็อต