• Home
  • Latest
  • Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune 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 Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

trump
Middle EastMiddle East
Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says
By Nick LichtenbergMarch 2, 2026
10 hours ago
A woman stands with her hand on her hip as she pumps gas into her car.
EnergyOil
Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but ‘three times the scale,’ analyst warns
By Sasha RogelbergMarch 2, 2026
10 hours ago
Photo of Donald Trump
Personal FinanceSocial Security
CEO of America’s largest Social Security advisory firm: Trump’s big tax cut ‘did not help’
By Nick LichtenbergMarch 2, 2026
10 hours ago
AITech
Anthropic’s Claude overtakes ChatGPT in App Store as users boycott over OpenAI’s $200 million Pentagon contract
By Marco Quiroz-GutierrezMarch 2, 2026
12 hours ago
A commercial ship anchored off the coast of Dubai.
EnergyMiddle East
The war in Iran could lead to a ‘guaranteed global recession’ because of one chokepoint that is crucial to the world economy, analyst says
By Tristan BoveMarch 2, 2026
13 hours ago
Middle EastIran
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
13 hours ago

Most Popular

placeholder alt text
Middle East
U.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
By Jason MaMarch 1, 2026
1 day ago
placeholder alt text
Success
MacKenzie Scott's close relationship with Toni Morrison long before Amazon put Scott on the path to give more than $1 billion to HBCUs
By Sasha RogelbergMarch 1, 2026
2 days ago
placeholder alt text
Economy
Your grandparents are the reason the U.S. isn't in a recession right now. That won't last forever
By Eleanor PringleMarch 1, 2026
2 days ago
placeholder alt text
Success
Slack cofounder says workers and CEOs can get stuck doing 'fake' work like pre-meetings and slideshows
By Emma BurleighMarch 1, 2026
2 days ago
placeholder alt text
AI
American schools weren’t broken until Silicon Valley used a lie to convince them they were—now reading and math scores are plummeting
By Sasha RogelbergMarch 1, 2026
1 day ago
placeholder alt text
Health
Gen Z men are eating ‘boy kibble,’ the human equivalent to dog food, to load up on protein cheaply
By Jake AngeloMarch 1, 2026
2 days ago

© 2026 Fortune 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 Fortune 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.