Norway will increase its defence spending by an additional 115 billion Norwegian crowns (€10 billion) over the next decade, the government said, citing a “more serious and unpredictable” security environment.
Prime Minister Jonas Gahr Støre said the increase would put the country on track to meet NATO’s recommended defence spending level of 3.5% of gross domestic product.
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Norway, a NATO member bordering Russia in the Arctic, said the decision reflects a deteriorating regional security situation. The increase was announced on Friday, March 27.
The country plans to allocate an additional NOK 115 billion to defence over the next ten years, marking a significant rise in military investment amid growing geopolitical tensions in Northern Europe.
Norway’s annual defence budget is expected to rise from 112 billion crowns currently to more than 190 billion crowns (around €17 billion) by 2035, nearly triple the level before Russia’s invasion of Ukraine in February 2022.
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“Strengthening Norway’s defence capability is a priority”, said Støre, adding that the security situation has become “more serious and less predictable.”
Since 2021, Norway has increased defence spending each year. The additional funding will be directed towards new submarines and frigates, modernisation of defence infrastructure, and expanded capabilities in electronic warfare, autonomous systems and short-range air defence.
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Støre said defence equipment costs have risen sharply due to increased global demand, while delivery times for key systems have lengthened.
“More countries are purchasing defence equipment, and delivery times in some critical areas are increasing”, he said, adding that the government would take a phased approach to integrating new capabilities.
Norway shares a 198-kilometre land border with Russia in the far north, as well as a maritime boundary in the Barents Sea, a factor that continues to shape its defence strategy.
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