Sweden's Major Defense Investment Plan

Sweden is set to embark on its largest military buildup since the Cold War, increasing defense spending by approximately 28 billion euros over the next decade. This move, announced by Prime Minister Ulf Kristersson, aims to address the nation's changing security landscape amid persistent uncertainties.

By 2030, Sweden's defense budget will rise from 2.4% to 3.5% of GDP, funded through loans rather than the regular budget. The decision reflects Sweden's commitment to strengthening national security, especially following Russia's annexation of Crimea and the invasion of Ukraine.

The increased spending surpasses NATO's 2% GDP target, underscoring Sweden's dedication to defense. As part of broader European efforts, the initiative aligns with the continent's push to bolster military capabilities in response to evolving global threats.

Sweden's proactive stance highlights its strategic focus on defense readiness in an increasingly unpredictable world.