• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsSpain
Europe

Spain—NATO’s smallest defense spender—vows to hit 2% defense target as EU pressure continues

By
Alfons Luna
Alfons Luna
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Alfons Luna
Alfons Luna
and
Bloomberg
Bloomberg
Down Arrow Button Icon
March 13, 2025, 6:44 AM ET
Socialist Prime Minister Pedro Sanchez reaffirmed his pledge to hit the 2% mark and has mentioned the possibility of bringing forward a 2029 target date.
Socialist Prime Minister Pedro Sanchez reaffirmed his pledge to hit the 2% mark and has mentioned the possibility of bringing forward a 2029 target date.Alberto Gardin/SOPA Images/LightRocket via Getty Images

Spain’s leftist government, proportionally NATO’s smallest spender on defence, faces political and popular resistance as it aims to meet European calls to ramp up its military budget.

Recommended Video

Russia’s invasion of Ukraine and growing fears that President Donald Trump will withdraw US security guarantees that have protected Europe for decades have sent shockwaves through the continent.

Spain dedicated 1.28 percent of its annual economic output to defence in 2024, according to NATO figures, well short of the alliance’s longstanding two-percent benchmark and less than all other members.

And in the new geopolitical scenario, with the European Commission looking to turbocharge defence spending to achieve greater security independence, the two-percent target agreed by NATO members in 2014 may prove insufficient.

Trump has repeatedly demanded other NATO countries bear a greater burden for Europe’s defence and has floated the idea of raising the spending target to five percent of GDP.

For Felix Arteaga, senior researcher in security and defence at the Elcano Royal Institute, a consistent pattern in Spanish budgets explains why the country invests “little in defence”.

“When the economy does well, the defence budget increases, but less than the other budgets. And when it does badly, it (the defence budget) is cut more than the others,” he told AFP.

‘Licking US boots’

Socialist Prime Minister Pedro Sanchez reaffirmed his pledge to hit the two-percent mark during a visit to Finland on Wednesday and has mentioned the possibility of bringing forwards a 2029 target date.

But his coalition government faces an uphill battle as it lacks a majority in parliament and relies on an array of separatist and fringe parties to pass legislation.

Pro-independence Catalan and Basque formations are unwilling to bolster military spending and the Spanish army, while far-left groups are traditionally hostile to NATO and US policy.

Ione Belarra, spokeswoman for the hard-left Podemos party, said on Wednesday that they would not help the Socialists continue “licking the boots of the United States”.

Even Yolanda Diaz — a deputy prime minister from the Socialists’ far-left coalition partner Sumar — opposes boosting defence spending.

After Sanchez and Diaz met this week to discuss the thorny topic, a Socialist spokeswoman tried to assuage concerns, saying that “the welfare state will not be eroded” to stump up more money for the armed forces.

Defence spending ‘viewed differently’

The 36-year dictatorship of General Francisco Franco long shaped perceptions of the military, but public opinion improved after the return of democracy, with the army participating in international peacekeeping missions and domestic emergencies.

But that has not translated into full support for more military spending.

In a November survey by national polling institute CIS, only 14.2 percent of participants backed raising the military budget “a lot more”, with health and education emerging as the main priorities.

Spain stayed out of both World Wars and remained relatively isolated during the Cold War, which “has inspired our collective culture and led to defence spending being viewed differently”, Arteaga wrote in an article.

Sanchez has steadfastly backed Ukraine, making several visits and welcoming 200,000 Ukrainian refugees to Spain. Last month he pledged one billion euros ($1.1 bn) in fresh military aid for 2025.

Spain earned a place at recent summits on the war in Paris and London involving a select group of European leaders, but maintaining that influence could depend on keeping up with allies on defence spending, Arteaga said.

If Spain “does not stand with the rest”, the country will “lose influence in the decisions relating to defence and security”, he added.

Join us at the Coins2Day Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Alfons Luna
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
1 day ago
placeholder alt text
Success
Ryan Serhant starts work at 4:30 a.m.—he says most people don’t achieve their dreams because ‘what they really want is just to be lazy’
By Preston ForeJanuary 31, 2026
1 day ago
placeholder alt text
Future of Work
Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: 'We are in trouble in our country'
By Marco Quiroz-GutierrezJanuary 31, 2026
22 hours ago
placeholder alt text
Success
Alexis Ohanian walked out of the LSAT 20 minutes in, went to a Waffle House, and decided he was 'gonna invent a career.' He founded Reddit
By Preston ForeJanuary 31, 2026
22 hours ago
placeholder alt text
Economy
Meet the first CEO of the IRS: A Jamie Dimon protege facing a $5 trillion test this tax season
By Shawn TullyJanuary 31, 2026
1 day ago
placeholder alt text
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
2 days ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

harvard
CommentaryLeadership
How Trump helped Harvard: 5 ‘Crimson’ leadership lessons on standing up to bullies 
By Jeffrey Sonnenfeld, Steven Tian and Stephen HenriquesFebruary 1, 2026
3 hours ago
LawJeffrey Epstein
Epstein files lead to resignation of top Slovakian official, while British prime minister calls on former prince to cooperate with U.S. authorities
By Michael R. Sisak, Danica Kirka, Ben Finley and The Associated PressJanuary 31, 2026
13 hours ago
Economygeopolitics
BRICS could become a new pillar of global governance—if its rapid growth doesn’t erode its newfound clout
By Brian WongJanuary 31, 2026
15 hours ago
LawICE
Judge orders 5-year-old boy and his dad released from ICE detention, citing ‘incompetently-implemented government pursuit of daily deportation quotas’
By Geoff Mulvihill and The Associated PressJanuary 31, 2026
15 hours ago
EconomyFederal Reserve
Fed chair nominee Kevin Warsh could crush Trump’s rate-cut hopes and risk suffering the same level of abuse that Powell got, analysts say
By Jason MaJanuary 31, 2026
15 hours ago
EconomyDebt
Trump thinks a weaker dollar is great, but the U.S. needs a stable currency as national debt heads toward $40 trillion, former Fed president says
By Jason MaJanuary 31, 2026
17 hours ago