Source: Government of Sweden
Today, the Government, together with the Social Democratic Party, the Sweden Democrats, the Left Party, the Centre Party and the Green Party, presents an agreement to enable a historic expansion of Sweden’s defence to meet NATO’s new defence spending targets – expected to be 3.5 per cent of GDP – and that this expansion will be achieved rapidly through temporary financing via loans. This is a historic show of strength. If NATO were to agree on an additional target of 1.5 per cent of GDP for broader defence and security-related investments, the parties are in agreement that Sweden should also meet that target.