Spain to increase defense spending to 2% of GDP by 2029

“The Spanish government has made a commitment that we will increase our defense budget to about 2% of GDP by 2029,” TASS quoted him as saying.

EU foreign policy chief Josep Borrell had previously urged EU countries to increase military spending.

Later, the head of the European Council, Charles Michel, following the summit in Brussels, noted that the leaders of the EU countries agreed to increase spending on the defense industry.