Tag #Spanish Defense Spending

What are the immediate implications of Spain's increased defense budget on its national industrial capacity and potential reliance on foreign military imports?

Spain's defense budget increase from 1.3% to 2.1% of GDP translates to an annual rise from €20 billion to €32 billion. Half of this increase (€6 billion) is allocated to operational costs, leaving €6 billion for investment, exceeding Spain's short-term industrial capacity. This impacts procurement timelines and potentially increases reliance on foreign military imports.