Spain to allocate extra €2.08 billion to Defence in 2024 by redeploying funds to Ministry contracts
Alphavalue/DIVACONS | Spain will allocate an additional €2.08 billion in 2024 to Defence by reallocating funds to Ministry contracts, in response to NATO pressure to meet the 2% of GDP target. Currently, Spain is the country with the lowest relative expenditure of the 32 members (1.3%). Although it had committed to reaching 2% by 2029, the government now says it will do so ‘as soon as possible’, without specifying a…
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