Swedish defence spending to rise by SEK 300 billion over the next decade
- The governing parties and the Sweden Democrats have agreed to borrow more money to increase defence spending.
- Defence will get an additional SEK 300 billion over the next 10 years, which will bring total spending to 3.5% of Sweden’s GDP.
- Sweden’s defence budget is currently sitting at 2.4% of its total GDP. Prime Minister Ulf Kristersson’s describing it as the country’s largest rearmament since the Cold War.
Radio Sweden
For more on Sweden’s move to increase defence spending, listen to Radio Sweden’s full report.
Related stories from around the North:
Canada: Housing, Arctic defence top of mind for Nunavummiut in federal election, CBC News
Finland: Finland, Denmark aim to bolster defence cooperation, ministers say, Yle News
Iceland: Iceland’s FM announces defence review, calls revamped security policy ‘urgent’, Eye on the Arctic
