Current:Home > MyOn the brink of joining NATO, Sweden seeks to boost its defense spending by 28%-DB Wealth Institute B2 Expert Reviews
On the brink of joining NATO, Sweden seeks to boost its defense spending by 28%
View Date:2024-12-24 01:53:01
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! (386)
Related
- Volkswagen, Mazda, Honda, BMW, Porsche among 304k vehicles recalled: Check car recalls here
- Another former Blackhawks player sues team over mishandling of sexual abuse
- Sofia Richie Says She's Beyond Obsessed With Husband Elliot Grainge in Birthday Tribute
- Kourtney Kardashian, Travis Barker welcome baby. Let the attachment parenting begin.
- Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
- Russia finalizes pullout from Cold War-era treaty and blames US and its allies for treaty’s collapse
- Stories behind Day of the Dead
- Megan Fox Describes Abusive Relationship in Gut-Wrenching Book of Poems
- Shel Talmy, produced hits by The Who, The Kinks and other 1960s British bands, dead at 87
- James Harden makes Clippers debut vs. Knicks Monday night. Everything you need to know
Ranking
- Judge set to rule on whether to scrap Trump’s conviction in hush money case
- Tatcha Flash Sale: Score $150 Worth of Bestselling Skincare Products for Just $79
- Thanksgiving meals to-go: Where to pre-order your family dinner
- Election might not settle Connecticut mayor’s race upended by video of ballot box stuffing
- Wildfires burn from coast-to-coast; red flag warnings issued for Northeast
- Man, 23, arrested in slaying of grandmother found decapitated in California home
- A fire at the Canadian High Commission in Nigeria has killed 2 workers repairing generators
- Evan Ellingson, child star from 'My Sister's Keeper' and '24', dead at 35
Recommendation
-
Democrat George Whitesides wins election to US House, beating incumbent Mike Garcia
-
Customers at Bank of America, Wells Fargo and other banks grappling with deposit delays
-
Arnold Schwarzenegger brings donkey to ManningCast, then The Terminator disappears
-
Supreme Court to hear arguments in gun case over 1994 law protecting domestic violence victims
-
UFC 309: Jon Jones vs. Stipe Miocic fight card, odds, how to watch, date
-
Thanksgiving meals to-go: Where to pre-order your family dinner
-
Live updates | Netanyahu says Israel will have ‘overall security responsibility’ in Gaza after war
-
Customers at Bank of America, Wells Fargo and other banks grappling with deposit delays