Norway Boosts Defense Spending by $11B Over Decade
Norway plans to significantly increase its defense budget by over $11 billion in the next 10 years, responding to NATO calls for higher military spending.
In a move to strengthen its military capabilities and align with NATO's defense spending goals, Norway has announced plans to boost its defense budget by more than $11 billion over the next 10 years. This decision comes as NATO members, including Norway, have faced pressure from the United States to increase their defense expenditure.
The Norwegian government's proposal outlines a gradual increase in defense spending, which is set to reach 2% of the country's gross domestic product (GDP) by 2028. This significant investment will allow Norway to modernize its armed forces, acquire new equipment, and enhance its overall military preparedness.
According to Bjørn Arild Gram, the Norwegian Minister of Defense, this strategic move is crucial for Norway's national security and its commitments within the NATO alliance.
Source: Al Jazeera
