Special forces, allies to benefit from Denmark's defense spending deal
The deal was negotiated as part of the new defence agreement for 2018–2023. Significantly, the agreement advances Denmark’s goal to raise spending on its military to 2 percent of gross domestic product ― a target set by NATO for its member states to hit by 2024. Denmark is slated to spend 1.3 percent of its GDP on national defence in 2018. On the immediate front, the agreement will increase defence spending by $134 million to $3.8 billion in 2018. In the long term, the deal will grow military spending by 20 percent, to $4.6 billion, in 2023. The higher level of investment contained in the agreement would also draw Denmark closer to the levels of capital expenditure on defence by its Nordic neighbours Sweden and Norway.
- Defense News -