Spanish Defence Minister María Dolores de Cospedal presented the country’s 2018 defence budget to parliament on 22 May. Defence spending will rise by 6.38% to EUR9.25 billion (USD10.9 billion).
This includes money allocated for overseas missions and paying off outstanding debts, while the actual ministry budget has increased by 10.7% to EUR8.45 billion, according to the minister.
Spain’s chief of defence staff said the nation’s defence spending is still too low, but moving in the right direction. Speaking before the budget presentation in parliament, General Fernando Alejandre Martínez added, “This budget is not the goal, but a step forward. We are starting to think there is light at the end of the tunnel.”
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