The new NATO member Sweden wants to drastically increase the defense expenditure for the next ten years. By 2035, around 300 billion crowns (around 27 billion euros) will be brought to defense.
It is the plan for the greatest military upgrade since the days of the Cold War, the head of Prime Minister Ulf Kristersson announced.
Uncertainties also because of the Trump policy
Since the start of the Russian war war against Ukraine, there has been a completely new situation of security policy and there has also been a lot of uncertainty about transatlantic relationships, he said with the policy of US President Donald Trump. These uncertainties would remain for a long time.
The credit -valuated investments are needed to spend about 3.5 percent of the Swedish gross domestic product for defense by 2030, said the government’s head. The Scandinavian EU country is currently around 2.4 percent.
Source: Krone
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