US EditionSweden to boost defence spending to meet NATO target
13 Articles
13 Articles
Sweden wants to significantly increase its defence budget next year.
The government is increasing defense appropriations to 175 billion kronor in this autumn's budget. The money will go towards investments in equipment and increased daily allowances for conscripts, among other things.
Sweden Boosts Defense Spending to 2.8% of GDP, Nearing NATO Target
NEWS BRIEF The Swedish government, in a significant move to fortify its national security, has unveiled a plan to increase defense funding by 26.6 billion crowns ($2.87 billion) in its 2026 budget, raising military spending to 2.8% of GDP. This 18% year-on-year surge is part of a sweeping, multi-year escalation that has seen defense allocations […] The post Sweden Boosts Defense Spending to 2.8% of GDP, Nearing NATO Target appeared first on Mode…
The defense budget will increase by almost 27 billion next year. “These investments are absolutely necessary in the serious times we find ourselves in,” says Defense Minister Pål Jonson (M).
For the first time since the Cold War.
Coverage Details
Bias Distribution
- 60% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
