Spanish Prime Minister Pedro Sánchez said on Tuesday that Spain will meet NATO's defense spending target this year, as pressure grows on the eurozone's fourth-largest economy and NATO laggard to boost its military expenditure.
Sánchez said the government will raise defense spending by 10.5 billion euros ($12 billion) to reach NATO's 2% of GDP target. The spending would go toward telecommunications, cybersecurity and buying military equipment, he said, as well as raising salaries and adding troops to the armed forces.
