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Home»World
World

Norway Plans to Boost Defense Spending by $56 Billion in Next 12 Years In ‘Historic Increase’

April 7, 2024No Comments3 Mins Read
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The Norwegian center-left government has announced plans for a significant increase in defense spending, totaling 600 billion kroner ($56 billion) over the next 12 years. Prime Minister Jonas Gahr Støre stated that this increase is necessary to ensure that Norway has a defense system that is capable of addressing the challenges in the current security environment. The government aims to spend a total of 1.624 trillion kroner ($152 billion) by 2036, with a focus on acquiring new frigates, submarines, a long-range air defense system, and expanding the army.

Finance Minister Trygve Slagsvold Vedum emphasized that the proposed increase in defense spending will not come at the expense of public services, but rather create jobs and investments in Norway. The government’s goal is to ensure that Norway has the capability to defend itself in the event of a crisis or war, without posing a threat to any other country or NATO. The coalition government, which includes the social democratic Labor party and the left-leaning Center Party, is expected to receive support for the proposal in the 169-seat Storting assembly.

The government’s plans also include an increase in the number of conscripted soldiers, from 9,000 to 13,500 by 2036. This move reflects Norway’s commitment to enhancing its military capacity and preparedness for potential threats. Prime Minister Gahr Støre reiterated that Norway and NATO are not threats to any other country, but it is essential for the country to have the necessary defense capabilities to safeguard its security and sovereignty in a changing global landscape.

The increase in defense spending is part of Norway’s broader strategy to modernize its armed forces and enhance its national security. By investing in new military assets such as frigates, submarines, and air defense systems, the government aims to strengthen Norway’s defense capabilities and contribute to regional security in the face of evolving threats. The proposed spending is also expected to stimulate economic growth and create opportunities for job creation and innovation in the defense sector.

The Norwegian government’s decision to significantly boost defense spending reflects a recognition of the growing security challenges facing the country and the need to adapt to an increasingly complex and unpredictable security environment. By making strategic investments in defense, Norway is signaling its commitment to safeguarding its national interests and playing a proactive role in promoting peace and stability in the region. The proposed increase in defense spending is likely to receive widespread support in the Storting assembly, setting the stage for a comprehensive overhaul of Norway’s defense capabilities in the coming years.

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