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Sweden Today

Swedish news in English

Wednesday, October 16, 2024

Sweden Bolsters Defense With 300 Million SEK Boost

Published: 2024-04-11

Sweden's defense capabilities are set for a significant boost with a combined increase of 300 million SEK in the spring amendment budget, as agreed upon by the Tidö parties.

This is in addition to a 900 million SEK increase in unit allocations, allowing for immediate enhancements in military resilience and accessibility.

The move, part of a larger defense budget expansion of 27 billion SEK between 2023 and 2024, ensures Sweden meets NATO's requirement of allocating at least two percent of its GDP to defense.

This financial commitment underscores Sweden's response to an increasingly uncertain global security landscape, marked by Russian aggression in Ukraine and the nation's recent NATO membership.

The additional funds are earmarked for key areas such as fuel, medical supplies, and food procurement, expanding training slots, and improving repair capacities for military vehicles.