MADRID (Reuters) - Spain will gradually raise spending the equivalent to 2% of the country's gross domestic product by 2029, Prime Minister Pedro Sanchez said on Thursday.
MADRID (Reuters) – Spain will gradually raise spending the equivalent to 2% of the country’s gross domestic product by 2029, Prime Minister Pedro Sanchez said on Thursday.
“The government is committed to raising our defence budget to close to 2% of GDP by 2029,” he told national TV station TVE.
All NATO member countries have committed to spend on defence the equivalent of 2% of GDP.
(Reporting by Inti Landauro and Christina Thykjaer. Editing by Emma Pinedo)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:
