swedish-army

Author: James E Caton
Date: November 22, 2017

Sweden increases military spending

Sweden will invest 8.1 billion crowns (854 million euros) more in its armed forces over the next three years, against a backdrop of growing tension with Russia in the Baltic Sea, the Swedish government, led by the centre-left minority, said Wednesday. The annual increase of 2.7 billion crowns in military spending follows an agreement between the ruling Social Democratic coalition and the Green Party with the centre-right opposition parties.

“We are seeing an increase in military and intelligence activity in our region,”Defense Minister Peter Hultqvist said at a press conference. “This (extra money)… sends an important message to the world around us and is good for Sweden.