Spain Proposes Doubling the EU’s Multiannual Budget to Boost Defense Expenditure

Spain Advocates for Doubling EU Budget to Bolster Defense Spending

Brussels – On Monday, Spain put forth a proposal to double the European Union’s multiannual budget for the period 2028-2034, aiming to increase it from the current 1% to 2% of the EU’s annual GDP. The Spanish government deems the current budget insufficient to address rising defense expenditures, particularly in light of ongoing support for Ukraine amidst the Kremlin’s aggression and the uncertainties linked to Donald Trump’s possible return to the U.S. presidency.

Spain’s request comes ahead of the anticipated review timetable for the Multiannual Financial Framework (MFF), which European Commission President Ursula von der Leyen is expected to present on Wednesday, with the goal of proposing legislative measures by summer.

According to a plan accessed by Europa Press, Spain argues that the revised MFF should promote European reindustrialization, innovation, and facilitate the triple transition towards ecological, digital, and social goals. It should also enhance transport and energy infrastructure while addressing the increasing demands for security and defense and fostering socioeconomic convergence.

To achieve a more robust EU budget, the Spanish delegation proposes that 50% of the budget be dedicated to the green transition—up from the current 30%. Additionally, Spain advocates for the establishment of new genuine resources for the EU that would not diminish member states’ current revenues but rather enhance the EU’s financial autonomy without complicating its financial framework.

Spain emphasizes that these new resources should allow for an increase in the EU budget, while simultaneously boosting its financial capabilities. It suggests that revenues from the emissions trading scheme should be allocated specifically for decarbonization initiatives within the Innovation Fund.

In line with the principle that “common challenges require European solutions,” Spain highlights the importance of investing in the security and defense sector, even if this entails jointly issued debt, to ensure Europe’s security and preserve its industrial and technological leadership. (February 10)