Spain Increases Military Spending Dramatically
The Spanish government is spending much more money. This increase is 92% since 2018. The government is investing heavily in defense, even without EU funds.
Prime Minister Sánchez’s government is planning to spend 159.983 billion euros on defense over the next eight years. This is a big change from the previous government’s policy. Military spending has increased dramatically, quadrupling compared to before. The government is now spending a third of its defense budget on weapons. They are also adding 8 billion euros each year to this spending.
Summarized from the sources above. Read the originals for the full story.
Highlights
Large Spending Plan Announced
The Spanish government announced a large spending plan for electoral purposes.
Increased Spending Since 2018
Spending has increased by 92% since Prime Minister Sánchez took office.
Lack of EU Funds
The plan is happening without money from the European Union.
Significant Defense Increase
The government plans to spend 159.983 billion euros on defense.
Shift in Military Policy
Spain is moving from ‘no’ to increased military investment.