Current:Home > ScamsOn the brink of joining NATO, Sweden seeks to boost its defense spending by 28% -InvestTomorrow
On the brink of joining NATO, Sweden seeks to boost its defense spending by 28%
View
Date:2025-04-17 19:21:01
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! (1731)
Related
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- Robinhood to acquire Bitstamp crypto exchange in $200 million deal
- Judge dismisses Native American challenge to $10B SunZia energy transmission project in Arizona
- Is my large SUV safe? Just 1 of 3 popular models named 'Top Safety Pick' after crash tests
- Trump wants to turn the clock on daylight saving time
- Who is Chennedy Carter? What to know about Chicago Sky guard, from stats to salary
- Zombies: Ranks of world’s most debt-hobbled companies are soaring - and not all will survive
- NBA Finals Game 1 recap: Kristaps Porzingis returns, leads Celtics over Mavericks
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Records tumble across Southwest US as temperatures soar well into triple digits
Ranking
- The Daily Money: Disney+ wants your dollars
- Biden campaign ramps up efforts to flip moderate Republicans in 2024
- 'He’s so DAMN GOOD!!!': What LeBron James has said about Dan Hurley in the past
- Tension soars as Israelis march through east Jerusalem, Gaza bombing intensifies and rockets land from Lebanon
- Southern California rocked by series of earthquakes: Is a bigger one brewing?
- Sabrina Carpenter Kisses Boyfriend Barry Keoghan in Steamy Please Please Please Music Video
- TikToker Melanie Wilking Reacts After Sister Miranda Derrick Calls Out Netflix's Cult Docuseries
- Political newcomer who blew whistle on Trump faces experienced foes in Democratic primary
Recommendation
Sonya Massey's family keeps eyes on 'full justice' one month after shooting
What’s the firearms form at the center of Hunter Biden’s gun trial? AP Explains
Robinhood to acquire Bitstamp crypto exchange in $200 million deal
Minnesota man’s 2001 murder conviction should be overturned, officials say
In ‘Nickel Boys,’ striving for a new way to see
Kelly Clarkson struggles to sing Jon Bon Jovi hit 'Blaze of Glory': 'So ridiculous'
US achieves huge cricket upset in T20 World Cup defeat of Pakistan
Kids coming of age with social media offer sage advice for their younger peers