Current:Home > NewsOn the brink of joining NATO, Sweden seeks to boost its defense spending by 28% -InvestPioneer
On the brink of joining NATO, Sweden seeks to boost its defense spending by 28%
Algosensey View
Date:2025-04-10 04:37:46
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! (8581)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Dozens killed in Israeli strikes on Gaza overnight amid fears of widening conflict
- 4 Ukrainian citizens were among those captured when a helicopter went down in Somalia this week
- Louisiana’s special session kicks off Monday. Here’s a look at what may be discussed
- Nevada attorney general revives 2020 fake electors case
- Opinion: Women with obesity are often restricted from IVF. That's discriminatory
- Steelers vs. Bills AFC wild-card game in Buffalo postponed until Monday due to weather
- US military academies focus on oaths and loyalty to Constitution as political divisions intensify
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Louisiana’s special session kicks off Monday. Here’s a look at what may be discussed
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Bills-Steelers playoff game moved to Monday amid forecast for dangerous winter weather
- U.S. launches another strike on Houthi rebels in Yemen
- Maldives leader says his country’s small size isn’t a license to bully in apparent swipe at India
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- A Georgia family was about to lose insurance for teen's cancer battle. Then they got help.
- Judge orders Trump to pay nearly $400,000 for New York Times' legal fees
- A global day of protests draws thousands in London and other cities in pro-Palestinian marches
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
King Frederik X and Queen Mary of Denmark Share Kiss on Balcony After Queen Margrethe II's Abdication
What we know so far about Kalen DeBoer's deal with Alabama
Indonesia’s Mount Marapi erupts again, leading to evacuations but no reported casualties
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
As shutdown looms, congressional leaders ready stopgap bill to extend government funding to March
Convicted former Russian mayor cuts jail time short by agreeing to fight in Ukraine
Messi 'super team' enters 2024 as MLS Cup favorite. Can Inter Miami balance the mania?