Norwegian soldier fires a Javelin at the Al Asad Air Base in Iraq, June 17, 2020, photo by Spc.Derek Mustard, US Department of the Army

May

Norway To Add 7 Billion Kroner To Defense Spending

Norway plans a historic increase to its defense budget.

The Bottom Line Upfront

The Norwegian center-left government plans to add 7 billion kroner ($630 million) to the country's armed forces over the next 12 years, in addition to the previously announced historic increase of 600 billion kroner ($54 billion) in the defense budget.

The Breakdown

The increased tensions in the region have prompted Norway to prioritize strengthening its armed forces, aligning with NATO's military spending goal, and ensuring national security.
With the additional budget allocation, Norway aims to enhance the operational capability of its Armed Forces and reach NATO's target of military spending at 2% of GDP this year. By 2024, the defense budget is expected to rise to 104 billion kroner ($9.4 billion).

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