Swedish Defence Minister Peter Hultqvist speaks throughout press briefing at Karlberg Castle in Stockholm, Sweden, September 24, 2021. Claudio Bresciani/TT News Agency by way of REUTERS/File Photo
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STOCKHOLM, March 16 (Reuters) – Sweden’s authorities stated on Wednesday it could boost defence spending by round 3 billion Swedish crowns ($318.17 million) this yr because it seems to be to velocity up rearmament in the wake of Russia’s invasion of Ukraine.
“The result will mean that we can strengthen our capacity on Gotland, increase the number of employees in the military, increase supplies of fuel and ammunition, of crucial supplies and that we can bring forward the procurement of materiel and vehicles,” Swedish TV quoted Defence Minister Peter Hultqvist saying.
Last week the federal government stated it could elevate the army funds to 2% of GDP as quickly as doable and has been discussing with opposition events how to velocity up the method.
($1 = 9.4289 Swedish crowns)
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Reporting by Stockholm Newsroom; enhancing by Johan Ahlander
Our Standards: The Thomson Reuters Trust Principles.
Sweden to boost defence spending by $300 mln in 2022 & More Latest News Update
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