Spain's Decision on Defense Spending Within NATO Framework
On Sunday, Prime Minister Pedro Sanchez announced that Spain, despite pressure, had negotiated with NATO to be exempt from the commitment to spend a minimum of 5% of GDP on defense. Instead of complying with this target, Madrid chose a self-reliance strategy, based on the ability to meet NATO obligations with only 2.1% of GDP. A controversial decision in the context of allies ramping up budget allocations for security and global defense.
Current Status of Spain's Defense Spending
Last year, Spain spent only about 1.28% of GDP on defense, the lowest among NATO members. Meanwhile, other countries aim for a target of 2% to strengthen international defense capabilities. This agreement from Madrid also aims to accelerate the process of significantly upgrading the defense budget in 2024, although it does not meet NATO's requirements.
NATO's Policy and Global Response
NATO has agreed on a draft commitment to increase defense spending to 5% of GDP by 2035, despite Spain's objections. Diplomats stated that this reflects the determination to enhance the alliance's self-defense capabilities, especially in the context of Russia and regional security threats.
In the Global Context and the U.S. Response
U.S. President Donald Trump urged increasing NATO's defense budget to 5% of GDP. Previously, he proposed raising this target from 2% to 3.5%, along with additional funding for areas such as cybersecurity and improving strategic infrastructure. Trump emphasized that the U.S. has contributed most of the strategic budget and cannot bear the entire responsibility for helping allies meet their commitments.
Spain's Leadership Remains Firm on the Decision
Despite pressure from Washington, Prime Minister Sanchez is resolutely refusing to comply with NATO's new target. He warned that overly large budget adjustments to reach 5% would negatively impact social services, such as pensions and tax policies. Madrid emphasized that with 2.1% of GDP, Spain can fully meet NATO's minimum obligations while maintaining social welfare policies.
Source: https://tintucbitcoin.com/spain-discusses-safe-cryptocurrency-spending/
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