The 300 billion kronor ($31 billion) boost over the next decade, first announced in March and due to be finalised in forthcoming budget decisions, will be the nation’s biggest rearmament push since the Cold War.
US President Donald Trump has demanded NATO allies commit to spending five percent of GDP on defence, and members will try to reach a deal at a meeting next week.
Flanked by government colleagues and representatives of other parties, she praised everyone for standing “united” on a plan that is expected to raise Sweden’s debt-to-GDP level by three percentage points.
The Nordic country drastically slashed defence spending after the Cold War ended but reversed course following Russia’s 2014 annexation of Crimea.
NATO chief Mark Rutte is urging members to commit to 3.5 percent on direct military spending by 2032, and an additional 1.5 percent on broader security-related expenditure.
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