Sweden Ramps Up Defense Spending Goal to 2.6%, Past NATO Target
Soldiers at the base of the Swedish Army's Gotland Regiment near Visby, Sweden.
Photographer: Mikael Sjoberg/BloombergSweden’s military spending is set to rise to 2.6% relative to the size of its economy by 2030, with the newest NATO member planning to surpass the alliance’s common goal.
The target, unveiled Friday by the Nordic country’s political parties, comes against the backdrop of preparations for the risk that Russia’s aggression will expand beyond Ukraine.