Denmark plans defense spending over 3% of GDP
Denmark plans defense spending over 3% of GDP

Denmark plans defense spending over 3% of GDP

News summary

Denmark's government has announced a significant increase in its defense budget, allocating an additional 50 billion crowns (approximately $7 billion) over the next two years to address urgent military deficiencies. This funding will raise Denmark's defense spending to over 3% of GDP, the highest level in decades, as Prime Minister Mette Frederiksen emphasized the need for rapid military enhancements in response to escalating global threats, particularly from Russia. The government plans to expedite procurement processes to quickly upgrade military capabilities, including surface-to-air missile systems, amid pressure from NATO allies to bolster defense efforts. Denmark has already been a major contributor of military aid to Ukraine, but this has strained its own military resources, necessitating an immediate boost in domestic capabilities. The strategic increase in defense spending aligns with broader European security responsibilities and reflects a commitment to national defense in a volatile international landscape. Frederiksen's remarks underline the urgency of the situation, indicating that the current security challenges require prompt and decisive action.

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