Sweden will increase its defence spending next year by more than a quarter to meet Nato’s target of 2 per cent of gross domestic product even as the Scandinavian country struggles to overcome Turkish opposition to it joining the western military alliance.
Pål Jonson, Sweden’s defence minister, said on Monday that defence spending would increase by almost 30 per cent to SKr119bn ($11bn) next year in response to Russia’s full-scale invasion of Ukraine.
“Sweden finds itself in the most serious security situation since the end of the second world war, which requires Sweden to have a defence that is ready to protect Swedish territory,” said the agreement between the centre-right government and the nationalist Sweden Democrats.
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