Sweden will reach new NATO spending target of 5% of GDP, prime minister says
Sweden will reach a new NATO spending target of 5% of the country's GDP, Swedish Prime Minister Ulf Kristersson said on Friday during a joint press conference with NATO general secretary Mark Rutte in Stockholm.
"I'd like to confirm that Sweden will reach a new NATO spending target of 5% of GDP, where at least 3.5% of GDP will be allocated towards core defence requirements to fulfill NATO's new capability target," Kristersson said.
This article was produced by Reuters news agency. It has not been edited by Global South World.
