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Submission Statement: Recently, The Norwegian Government has introduced a motion for a massive 600 billion NOK ($56 billion) increase in the nation’s defence spending for the next twelve years with their Long-Term Defence Plan (LTDP). This would nearly double Norway’s annual defence spending, should the Parliament vote to approve the plan. The historic spending increase is following a pattern of militarisation by many NATO members, with this year potentially being Norway’s first-time spending above the 2% NATO target. The LTDP investment is split into replenishing ammunition stockpiles, increasing the size of the Armed Forces, boosting air defence and ordering several new naval vessels. Finance Minister Vedum affirms that these investments do not come at the cost of cutting public services, but can instead benefit the public by producing more jobs and promoting further investments.
Continue reading here: https://europeangeopoliticaljournal.beehiiv.com/p/rising-norwegian-military-investments