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Home World

Norway to increase defence budget by over $11 billion in 10 years

27 March 2026
in World
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Norway plans to increase its defence spending by 3.5% of GDP, totaling 115 billion kroner ($11.84 billion) over the next decade, in response to rising military costs and lessons from the Ukraine war. This increase aligns with NATO commitments and includes support for Ukraine. Key priorities include acquiring new submarines and frigates, along with enhancing electronic warfare capabilities, although some procurement timelines, such as for anti-ballistic air defences, will be delayed.

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Tags: BillionbudgetBusiness and EconomyDefenceEuropeGermanygovernmentincreasemilitaryNATONewsNorwayRussia Ukraine warUkraineUnited Kingdomyears
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