In view of Russia’s invasion of Ukraine, Sweden’s government aims to increase military spending to 2 percent of GDP ‘as soon as realistically practicable,’ Prime Minister Magdalena Andersson said on Thursday.
‘Today, we introduce a new project that sends a clear message to the Swedish people and the rest of the globe. Sweden’s defence capabilities must be significantly enhanced’ at a press conference, Andersson stated.
Sweden’s defence spending as a percentage of GDP has declined from 3 percent in the early 1980s to approximately 1 percent in recent years, following the end of the Cold War.
Post Your Comments