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Sweden to raise military spending
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- 10 March, 2022
- 08:34
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Sweden's government wants to increase military spending to 2% of GDP "as soon as practically possible" in light of Russia's actions of Ukraine, Prime Minister Magdalena Andersson said on Thursday, Report informs, citing Reuters.
"Today, we present a new initiative with a clear message to the Swedish people and to the world around us. Sweden's defence capability must be greatly strengthened," Andersson told a news conference.
As the Cold War ended, Sweden's defence spending as a proportion of gross domestic product has fallen from 3% in the early 1980s to around 1% in recent years.
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