US EditionNorway's Strategic Defence Leap: A New Era in Security Spending
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Norway's Strategic Defence Leap: A New Era in Security Spending
Norway aims to increase its defence and broader security spending to 5% of GDP, aligning with NATO's proposed goals. This follows Europe's efforts to bolster defenses against Russia. Norway plans a phased increase, potentially reaching the target post-2030, leveraging its substantial sovereign wealth fund.
Norway to meet 5% NATO goal on defence, security spending, prime minister says
OSLO - Norway plans to raise overall spending on defence and broader security to 5% of gross domestic product, its prime minister said on Friday, in line with a planned common goal among NATO states. Read more at straitstimes.com.
Norwegian Prime Minister Jonas Gahr Stoere announced that his country plans to increase its defense spending to 5 percent of GDP. This decision is in line with a proposal by NATO Secretary General and is to be approved during the upcoming summit of the alliance in The Hague.
Norwegian government commits to 5% of GDP for defence spending
‘The world has become more dangerous and more unpredictable. Europe must shoulder greater responsibility for its own security. We must do more to keep our country secure and safe, and to contribute to our collective security together with our Allies in NATO,’ stated Prime Minister Jonas Gahr Støre. The decision aligns with NATO discussions ahead of the upcoming summit on 24–25 June, where Allied countries are considering adopting a 5% GDP target…
Norway, a NATO member, plans to increase its overall defense and broader security spending to five percent of its GDP, Prime Minister Jonas Gahr Störe said on Friday. The spending target, he said, is likely to be reached sometime after 2030. That will depend on decisions made at a NATO summit in The Hague next week, where member states are expected to agree on a new joint commitment to spend five percent of GDP on defense. Reuters reports. The d…
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