Denmark's Ambitious Plans for Defense and Renewable Energy Investment
TL;DR Summary
Denmark plans to triple its defense budget over the next decade to reach the NATO goal of spending two percent of GDP on the military by 2030, in response to Russia's invasion of Ukraine. The added funds will be financed in part by the abolition of a public holiday that has already passed. Denmark currently spends 1.38 percent of its GDP on defense. The announcement came a day after Denmark committed 17.9 billion kroner to a Ukraine aid fund, mainly dedicated to military assistance.
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- Denmark boosts military spending, announces more aid for Ukraine Al Jazeera English
- Danish government wants to spend $20.6 billion on defense over 10 years Federal News Network
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