Sanchez announced a plan for increasing costs by 10.47 billion euros, dedicated to telecommunication, cybersecurity and acquiring military equipment.
Spain will reach the target indicator of 2% of GDP for this year’s defense costs, before the 2029 period previously established by the government. It was announced on April 22 by Spain’s Prime Minister Pedro Sanchez, Reuters reported.
He announced a plan for increasing costs by 10.47 billion euros, dedicated to telecommunication, cybersecurity and the purchase of military equipment.
“This plan will help us to achieve (goal) at a record time. Spain will contribute to Europe,” Sanchez said.
Earlier, Spain’s Prime Minister Pedro Sanchez said Spain, with the lowest cost of defending NATO, would develop and begin to implement a plan for strengthening the Tag -Sales defense sector.
Keep in mind that this year Spain will spend an additional 2.08 billion euro ($ 2.28 billion) in defense by redistributing funds for contracts of obtaining the Ministry of Defense, as the country faces pressure from NATO allies, which requires it to achieve planned costs.
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Source: korrespondent
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