Spain approves EUR550 million for overseas operations

05 March 2018

The Spanish government has approved a EUR550 million (USD677 million) credit from its contingency funds toward the cost of overseas military peacekeeping missions for 2018.

Announced on 2 March by the cabinet, the funding comes when the country is still rolling over its budget from 2017 until the minority conservative Partido Popular (PP) government finds sufficient support to present a new one to parliament.

Paying for the missions out of contingency funds is a regular practice in Spain, given the restraints on Ministry of Defence spending, especially since the 2008 economic crisis.

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