Current:Home > ContactOn the brink of joining NATO, Sweden seeks to boost its defense spending by 28% -WealthTrack
On the brink of joining NATO, Sweden seeks to boost its defense spending by 28%
View
Date:2025-04-15 17:41:55
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! (97)
Related
- Nevada attorney general revives 2020 fake electors case
- ¿Dónde tocó tierra el huracán Milton? Vea la trayectoria de la tormenta.
- Donald Trump’s Daughter Tiffany Trump Is Pregnant, Expecting First Baby With Michael Boulos
- Rihanna Reveals What Her Signature Scent Really Is
- Travis Hunter, the 2
- Winter in October? Snow recorded on New Hampshire's Mount Washington
- Fans of Anne Hathaway and Nicholas Galitzine's Idea of You Need This Update
- In Pacific Northwest, 2 toss-up US House races could determine control of narrowly divided Congress
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Milton by the numbers: At least 5 dead, at least 12 tornadoes, 3.4M without power
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Three-time NBA champion Danny Green retires after 15 seasons
- Tampa Bay Avoided the Worst of Milton’s Wrath, But Millions Are Suffering After the Second Hurricane in Two Weeks Raked Florida
- Fans of Anne Hathaway and Nicholas Galitzine's Idea of You Need This Update
- Retirement planning: 3 crucial moves everyone should make before 2025
- Opinion: As legendary career winds down, Rafael Nadal no longer has to suffer for tennis
- ACC commissioner Jim Phillips bullish on league's future amid chaos surrounding college athletics
- Disney World and other Orlando parks to reopen Friday after Hurricane Milton shutdown
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Jelly Roll album 'Beautifully Broken' exposes regrets, struggle for redemption: Review
Trump insults Detroit while campaigning in the city
Lizzo Breaks Down What She Eats in a Day Amid Major Lifestyle Change
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
How Cardi B Is Building Her Best Life After Breakup
Dr. Dre sued by former marriage counselor for harassment, homophobic threats: Reports
Alfonso Cuarón's 'Disclaimer' is the best TV show of the year: Review