Content about Military budget
Total 3 hits.
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Military budget initiatives for 2024
Sweden is currently facing the most serious security situation since the Second World War. This places new demands on military defence.
Published · Article from Pål Jonson, Ministry of Defence
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Major investments in military defence and NATO targets projected to be reached
In the Budget Bill for 2024, the Government proposes additional funding to military defence amounting to approximately SEK 700 million. Taking into account upward adjustments and previous decisions, appropriations for military defence will increase by more than SEK 27 billion between 2023 and 2024 – an increase of 28 per cent. This means that appropriations have doubled since 2020 and that Sweden will already reach the defence expenditure target of two per cent of GDP according to NATO’s definition in 2024. In the Budget Bill, the Government also estimates additional funding for 2025 and 2026 amounting to approximately SEK 1.2 billion and SEK 7.4 billion, respectively.
Published · Press release from Pål Jonson, Ministry of Defence
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Strengthening Sweden’s military defence and preparations for NATO membership
Today the Government has presented investment proposals that will be included in its Spring Amending Budget. The proposals aim to create conditions for the continued growth of Sweden’s military defence and make preparations for NATO membership. Increased appropriations totalling SEK 660 million are proposed in the Spring Amending Budget for 2023. In addition, it is proposed that the Swedish Armed Forces’ authorisation to place orders be increased by SEK 16.78 billion.
Published · Press release from Pål Jonson, Ministry of Defence