{"id":22116,"date":"2024-04-07T03:10:35","date_gmt":"2024-04-07T00:10:35","guid":{"rendered":"https:\/\/www.ir-ia.com\/news\/?p=22116"},"modified":"2024-04-07T03:10:35","modified_gmt":"2024-04-07T00:10:35","slug":"norway-to-double-military-spending-over-next-12-years","status":"publish","type":"post","link":"https:\/\/www.ir-ia.com\/news\/norway-to-double-military-spending-over-next-12-years\/","title":{"rendered":"Norway to double military spending over next 12 years"},"content":{"rendered":"\n

Norway has announced a significant boost in its military budget over the next 12 years, amounting to $150 billion, until 2036. Prime Minister Jonas Gahr Store unveiled the country\u2019s “historic” defense plan that prioritizes investment in new frigates and submarines to adapt to threats from neighboring Russia<\/strong>.<\/p>\n\n\n\n

Norway, a NATO member bordering Russia, plans to almost double its defense spending over the next decade to counter Russian maritime influence in the High North and Atlantic Ocean. The energy-rich Nordic country will boost spending on its military by 600 billion kroner ($56 billion) by 2036, the Labor-led minority government said.<\/p>\n\n\n\n

\u201cThis plan represents a historic boost in defense spending, and involves a significant strengthening of all branches of the Armed Forces,\u201d Prime Minister Jonas Gahr St\u00f8re was quoted as saying in a Norwegian\u00a0government statement<\/mark><\/a>. \u201cThe Norwegian government proposes to spend a total of NOK 1.6 trillion ($150 billion) on Norway\u2019s defense over the next twelve years, until 2036,\u201d noted the statement. \u201cBy then, the defense budget will be almost twice as large as it is today, measured in real value.\u201d<\/p>\n\n\n\n

The projected annual defense expenditure for Norway will be approximately 83% higher than the current amount by 2036, The conflict in Ukraine has substantially influenced Norway’s discourse on military expenditure, prompting discussions on strategies to protect against potential Russian aggression. The Nordic countries share a substantially large Arctic border with Russia.<\/p>\n\n\n

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\"Norwegian-led<\/a>
NATO Allies and partner states’ land, sea, and air forces participating in the Norwegian-led Joint Viking 23 exercise. (Image Credit: Twitter\/@NATO_ACT)<\/sup><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

At a strategic level, the long-term strategic plans say that \u201cmaintaining situational awareness in the High North and the North Atlantic is paramount\u201d because of Norway\u2019s closeness to Russia\u2019s nuclear submarine fleet. It further adds, \u201cThe rise of China is asserting pressure on the prevailing world order and an assertive Russia is challenging the Euro-Atlantic security architecture. This recognition is an important premise for the choices made in this plan.\u201d<\/p>\n\n\n\n


Priority areas for Norwegian government<\/strong><\/p>\n\n\n\n

The Norwegian government will prioritize the following main areas:<\/p>\n\n\n\n