Spain: asked for three billions for defense
The announcement just weeks before the NATO summit in Madrid (June 29-30)
The Spanish Defense Ministry wants to increase its budget by three billion euros through an extraordinary credit. This is a decision that will be used to meet Madrid's commitments to North Atlantic Treaty Organization (NATO) demands that each member should commit 2 percent of national GDP to defense and security.
The fund should be established by a decree law, to be approved by the council of ministers and then ratified by congress. However, the plan has met resistance within the executive branch itself. So much so that the newspaper "El Pais", citing sources inside the Treasury Ministry, reveals that this large increase in military spending will not be approved by Parliament.
The announcement comes just weeks before the NATO summit to be held in Madrid next June 29 and 30. The three billion increase, requested by Defense Minister Margarita Robles, is equivalent to 25 percent of the current annual defense budget, but would still amount to 1.2 percent of GDP. In short, still far from the goal of reaching 2 percent by the end of 2030.
AVIONEWS - World Aeronautical Press Agency