Norway Commits to NATO's 5% Defense Spending Goal

Norway would raise its defence budget to reach a proposed NATO target of 5 per cent of gross domestic product for its defence and total security expenditure. The premier, Jonas Gahr Stoere, said on Friday that Norway would try to spend 3.5 per cent of annual economic output on defence and 1.5 per cent on a broader range of security measures.

1 week Ago By Nikodem Baran


"We…need to do more to ensure the security of our country, and to reinforce our common security together with our NATO allies," Stoere said at a press conference.

NATO to Debate New Spending Target at June Summit
The announcement was in line with an initiative announced by NATO Secretary General Mark Rutte, who is urging member nations to agree to the 5% GDP target at a summit next June 24–25 in the Hague.

Norway's defence spending also covers its contributions to the military assistance to Ukraine, a way to signal to its allies that it is prepared to do more than defend its own territory.

Significant Jump From Prior Years
Defence spending hit around 2.2% of GDP in 2024, which is a big jump from the 1.4% that was recorded in 2022 — when NATO members around the globe set a target of 2% of GDP by 2024. The Norwegian government had earlier decided on the objective of spending 3,3% of GDP on defence by 2025, but this will be increased as part of the new defence plan.
 

Copyright @ 2024 IBRA Digital