DAVOS, Switzerland -- Sweden intends to increase defense spending to at least 2% of its gross domestic product by 2028, Swedish Finance Minister Mikael Damberg said in a May 25 interview with Nikkei. The country currently spends about 1.3% of its GDP on defense.
Interview
Sweden to spend 2% of GDP on defense by 2028: finance minister
Nordic country will boost defense outlays to meet NATO threshold
Swedish Finance Minister Mikael Damberg: "Many of the big NATO countries are also interested in Sweden and Finland joining, because it's not only about our security, it's also about NATO security."
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