Denmark triples military spending in ten years
Denmark announced on Tuesday that it would triple its military spending over the next ten years after Russia invaded Ukraine, with investments in the East, North Atlantic and Arctic. “The government wants to significantly strengthen Denmark’s defense and security by spending around 143 billion kroner (19.2 billion euros) over the next ten years”Acting Defense Minister Troels Lund Poulsen said in a statement.
On Monday, he announced a massive new allocation for Ukraine with an additional envelope of 2.4 billion euros in 2023 and 2024.
In 2024, military expenditures (investment in equipment, personnel, infrastructure, etc.) will be 6.9 billion crowns against 6.7 billion this year, and will reach 19.2 billion (2.6 billion euros) in 2033. Government scheme. These efforts are notably funded by the abolition of public holidays, already approved despite extraordinary opposition. For a government that aims to devote 2% of its GDP to its defense by 2030, the mission and ambition of NATO, of which it is a member, is threefold.
“The goal is for the Arctic and the North Atlantic to be a low-tension area. We certainly need to protect Denmark and fulfill our obligation to take collective responsibility for Baltic security.Minister explained. “At the same time, Denmark should continue to support Ukraine in a meaningful way (…). We must continue to be active and be able to send contributions to the rest of the world. Our commitment to the European Union plays a key role in this.He pointed out.