Denmark Announces $7 Billion Defense Boost to Address Security Concerns
The Danish government will raise defense spending to over 3% of GDP, the highest level in over 50 years, citing fears of Russian rearmament and NATO vulnerabilities.
- Denmark unveiled a 50 billion Danish kroner ($7 billion) defense fund to strengthen its military capabilities in 2025 and 2026.
- The increase will raise defense spending to over 3% of GDP, surpassing NATO's 2% target and marking the highest level in Denmark in more than half a century.
- Prime Minister Mette Frederiksen emphasized the urgency of rapid military investments, citing concerns over Russian rearmament and the broader European security situation.
- The Danish Defense Intelligence Service recently warned that Russia could pose a credible threat to NATO countries in the Baltic region within two years if NATO does not rearm at the same pace.
- Other European nations, including Sweden, Poland, and Lithuania, are also increasing defense spending and cooperation to address regional security threats.