Prime Minister Magdalena Andersson, center, presented the news with Finance Minister Mikael Damberg, left, and Defense Minister Peter Hultqvist, right.
Lyssna: Government to boost defense spending to 2% of GDP ‘as soon as possible’
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The government wants to raise military spending to 2 percent of GDP “as soon as practically possible”, Prime Minister Magdalena Andersson said.
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Sweden already increased defense spending considerably in the past decade, and Andersson asked lawmakers on Thursday to back another increase to push annual defense spending to roughly SEK 108 billion.
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The premier also said more young people should be prepared to do compulsory military service in the future.