Norway to hit 2% NATO spending target in 2024
Norway plans to raise its defence spending to a level equal to 2% of gross domestic product this year, Prime Minister Jonas Gahr Stoere said on Thursday. "The security policy situation is serious.
Norway plans to raise its defence spending to a level equal to 2% of gross domestic product this year, Prime Minister Jonas Gahr Stoere said on Thursday.
"The security policy situation is serious. We have to live with a more dangerous and unpredictable Russia, probably for a long time," Stoere said in a statement. The prime minister on Thursday met with leaders of rival political parties in parliament to
discuss the upcoming long-term plan for the country's military.
Norway has until now aimed to reach a NATO target of spending 2% of GDP on defence by 2026.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Stoere
- Norway
- Russia
- Jonas Gahr Stoere
- NATO
ALSO READ
Norway wealth fund will not invest in private equity, government says
Norway wealth fund should not invest in private equity, government says
Norway's health minister resigns after plagiarism accusation in latest scandal to rock the Cabinet
Soccer-Norway's Maanum could return for Arsenal as early as next week
Norway's wealth fund posts $109 bln Q1 profit as tech stocks soar