Current:Home > FinanceOn the brink of joining NATO, Sweden seeks to boost its defense spending by 28% -EverVision Finance
On the brink of joining NATO, Sweden seeks to boost its defense spending by 28%
Surpassing View
Date:2025-04-08 06:44:45
STOCKHOLM (AP) — The Swedish government said Monday it wants to increase its defense budget by 28%, putting it on track to reach the military spending target 2% of gross domestic product set by the NATO alliance, which the Scandinavian country is preparing to join.
“We are in the most serious security policy situation since the end of World War II, which requires Sweden to have a defense that is ready to protect Swedish territory,” defense minister Pål Jonson said.
Unveiling a defense bill for 2024, Sweden’s center-right coalition government said military spending would increase by a total of 27 billion kronor ($2.4 billion). Of that amount, approximately 700 million kronor ($63 million) will be spent on Sweden’s future membership of NATO.
Jonson said Sweden must adapt its preparedness and its military exercises to prepare for NATO membership but must also continue its support for Ukraine.
In May last year, Sweden — and neighboring Finland — sought protection under NATO’s security umbrella after Russia invaded Ukraine.
However, Sweden, which abandoned a long history of military nonalignment, is still waiting to become the 32nd member of the alliance. Finland joined earlier this year.
New entries must be approved by all existing members, but Turkey has so far refused to ratify Sweden’s application. Ankara said this was because Sweden was refusing to extradite dozens of people suspected of links to Kurdish militant organizations.
Turkey has also criticized a series of demonstrations in both Sweden and Denmark where the Quran, Islam’s holy book, was burned.
At a NATO summit in Vilnius in July, Turkey’s President Recep Tayyip Erdogan said Turkey would drop its objection to Sweden’s membership, after more than a year of blocking it. However, the Turkish parliament must still ratify the application, as must Hungary.
The three-party Swedish government consists of the conservative Moderates, the Christian Democrats and the Liberals. They have a majority in the Swedish parliament with the help of the Sweden Democrats, a far-right party that has entered the political mainstream after years of being treated as a pariah by the other parties.
veryGood! (43649)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Booth where Tony Soprano may have been whacked – or not – sells for a cool $82K to mystery buyer
- How to cancel Apple subscriptions: An easy guide for iPhone, iPad and Macs
- Ex-Air Force employee pleads not guilty to sharing classified info on foreign dating site
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- 5-time Iditarod champ Dallas Seavey kills and guts moose after it injured his dog: It was ugly
- Lindsay Lohan and Husband Bader Shammas’ Rare Date Night Is Better Than Oreos and Peanut Butter
- The trip to Margaritaville can soon be made on the Jimmy Buffett Highway
- Trump issues order to ban transgender troops from serving openly in the military
- County exec sues New York over an order to rescind his ban on transgender female athletes
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Kristen Stewart Wears Her Riskiest Look Yet With NSFW Bodysuit
- Police find more human remains on Long Island and identify victims as a man and woman in their 50s
- EAGLEEYE COIN: What happens when AI and cryptocurrency meet?
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Police find more human remains on Long Island and identify victims as a man and woman in their 50s
- Wicked Tuna's Charlie Griffin and Dog Leila Dead After Boating Accident
- Love Is Blind's Chelsea Shares What Wasn’t Shown in Jimmy Romance
Recommendation
Current, future North Carolina governor’s challenge of power
How Jason Kelce's Wife Kylie Kelce Feels About His Emotional NFL Retirement
Liberty University will pay $14 million fine for student safety violations
Tesla price cuts rattle EV stocks as Rivian and Lucid face market turbulence
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Son of woman found dead alongside deputy in Tennessee River files $10M suit
What does it take to be an astronaut? NASA is looking to select new recruits
Why Dakota Johnson Says She'll Never Do Anything” Like Madame Web Again