It's a move that some see as fulfilling the voter-approved mission of the surtax. Yet others worry the funds aren't being used as intended: to launch new education and transportation initiatives.

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Sánchez said in April that the government would raise defense spending by 10.5 billion euros ($12 billion) in 2025 to reach NATO’s previous target of 2% of GDP. On Thursday, Sánchez called for ...

MADRID (AP) — Spain has rejected a NATO proposal to spend 5% of gross domestic product on defense needs that’s due to be announced next week, calling it “unreasonable.” ...

Sánchez said in April that the government would raise defense spending by 10.5 billion euros ($12 billion) in 2025 to reach NATO’s previous target of 2% of GDP.

“For Spain, committing to a 5% target would not only be unreasonable, but also counterproductive, as it would move Spain away from optimal spending and it would hinder the EU’s ongoing efforts ...

These include spending requests for fiscal year 2027 as well as supplemental spending requests for fiscal year 2026. Fiscal year 2026 runs from July 1 to June 30, 2026.

In April, Sánchez said the government would raise defense spending by 10.5 billion euros ($12 billion) in 2025 to reach NATO’s previous target of 2% of GDP.