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Public spending on defence, public order and safety in Spain and the European Union

Author

Listed:
  • Fernando López Vicente

    (Banco de España)

  • Marta Rodríguez Vives

    (EUROPEAN CENTRAL BANK)

  • Juan Rojas

    (Banco de España)

Abstract

Rationale The aim of this article is to provide an overview of public spending on security (which includes defence and public order and safety), in the European Union (EU) and in Spain and to discuss proposals on the joint and coordinated provision and funding of this European public good. Takeaways •The current environment of global geopolitical tension is behind the strengthening of the EU’s security policy, encouraging greater strategic autonomy. Meeting demands for greater security spending places further strain on public finances at a time when government deficit and debt levels are high. •The level of public security expenditure in the EU and Spain, which stood at 3% of GDP in 2022 in both cases, is lower than spending by other global powers. Relatively more of that amount in the EU and Spain goes to staff costs, with less going to research and development (R&D). •Redirecting spending towards R&D could generate economic efficiency gains. Moreover, given that security is considered to be a European public good, joint, coordinated provision and funding could yield additional benefits.

Suggested Citation

  • Fernando López Vicente & Marta Rodríguez Vives & Juan Rojas, 2024. "Public spending on defence, public order and safety in Spain and the European Union," Economic Bulletin, Banco de España, issue 2024/Q3.
  • Handle: RePEc:bde:journl:y:2024:i:03:n:05
    DOI: https://doi.org/10.53479/37495
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    References listed on IDEAS

    as
    1. Ioannou, Demosthenes & Pérez, Javier J. & Almeida, Ana M. & Balteanu, Irina & Kataryniuk, Ivan & Geeroms, Hans & Vansteenkiste, Isabel & Weber, Pierre-François & Attinasi, Maria Grazia & Buysse, Krist, 2023. "The EU’s Open Strategic Autonomy from a central banking perspective - Challenges to the monetary policy landscape from a changing geopolitical environment," Occasional Paper Series 311, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Security and defence spending; COFOG database; EU budget; EU public good;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

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