Current:Home > reviewsOn the brink of joining NATO, Sweden seeks to boost its defense spending by 28% -Elite Financial Minds
On the brink of joining NATO, Sweden seeks to boost its defense spending by 28%
View
Date:2025-04-18 01:43:57
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! (38377)
Related
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Oprah Winfrey selects Lisa Marie Presley’s posthumous memoir as her next book club selection
- Christina Hall’s Ex Josh Hall Slams “False” Claim He Stole From Her Amid Divorce
- Wildfire fight continues in western North Dakota
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Las Vegas will blow a kiss goodbye — literally — to the Tropicana with a flashy casino implosion
- Using AI to buy your home? These companies think it's time you should.
- Should you give your dog gluten-free food? How to tell if pup has an intolerance.
- A South Texas lawmaker’s 15
- As Milton takes aim at Florida, why is Tampa Bay so vulnerable to hurricanes?
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Fantasy football Week 6: Trade value chart and rest of season rankings
- Funny Halloween memes to keep you howling through spooky season 2024
- 25 Best October Prime Day 2024 Fall Fashion Deals: Doc Martens for $100 Off, Sweaters for $19 & More
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 2 ex-officers convicted in fatal beating of Tyre Nichols get home detention while 1 stays in jail
- How would Davante Adams fit with the Jets? Dynamic duo possible with Garrett Wilson
- Teen who cut off tanker on Illinois highway resulting in crash, chemical spill: 'My bad'
Recommendation
Trump's 'stop
6-year-old dies after stepfather allegedly beat him with baseball bat
Reese Witherspoon Reveals Where Big Little Lies Season 3 Really Stands
Kanye West and Wife Bianca Censori Step Out Together Amid Breakup Rumors
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Jeep, Ram, Nissan, Tesla, Volkswagen among 359k vehicles recalled: Check car recalls here
Lunds & Byerlys' Lone Star Dip recalled due to 'potential mold growth contamination'
Harris calls Trump ‘incredibly irresponsible’ for spreading misinformation about Helene response