Norway to reach 3.5 percent GDP defense target by 2035
Norway will add 115 billion crowns to its defense budget to reach 3.5% of GDP by 2035. The plan adjusts procurement based on lessons from the Ukraine war.
Norway has announced a significant expansion of its military budget, committing an additional 115 billion crowns ($12 billion) through 2036. This strategic boost is designed to elevate the nation's defense spending to 3.5% of its Gross Domestic Product (GDP) by 2035, a target established in response to the heightened security environment following the invasion of Ukraine by Russia. This new allocation builds upon a previously announced long-term plan to invest 1.62 trillion crowns ($167 billion) between 2025 and 2036, reflecting both regional security needs and pressure from the United States to meet NATO commitments.
"We are allocating a significant increase in resources to the long-term plan, while also carefully weighing the priorities needed to rapidly strengthen Norways defence capabilities," Prime Minister Jonas Gahr Stoere told a press conference.
