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    Home»Latest News»Norway to add more than $11bn to defence budget over 10 years | Business and Economy News
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    Norway to add more than $11bn to defence budget over 10 years | Business and Economy News

    Ironside NewsBy Ironside NewsMarch 27, 2026No Comments2 Mins Read
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    Norway, in addition to different NATO international locations, has been below stress from the US to spice up defence spending.

    Printed On 27 Mar 202627 Mar 2026

    Norway is about to boost defence spending by 3.5 p.c of its gross home product to compensate for rising navy tools prices and to regulate to classes realized from the Ukraine struggle, the federal government says.

    The proposed improve will quantity to 115 billion kroner ($11.84bn) and shall be unfold over the subsequent 10 years, aligning with the nation’s NATO commitments.

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    “We’re … allocating a major improve in sources to the long-term plan, whereas additionally fastidiously weighing the priorities wanted to quickly strengthen Norway’s defence capabilities,” Prime Minister Jonas Gahr Stoere informed reporters on Friday.

    Norway, like different NATO international locations, is rising defence spending on account of Russia’s struggle on Ukraine. NATO international locations have additionally come below rising stress from United States President Donald Trump, who accuses some members of failing to pay their dues and overly counting on the US.

    The elevated spending will embrace help for Ukraine in its combat towards Russia, authorities mentioned. Norway borders Russia to its northeast.

    In a press release, the federal government outlined a number of priorities, together with plans for brand new submarines and frigates, and upgrades of important defence infrastructure.

    It mentioned Norway would additionally search to strengthen digital warfare capabilities, short-range air defence and autonomous methods.

    Norway expects to obtain the primary of its German-ordered submarines in 2029. Two frigates purchased from Britain are additionally anticipated to reach in 2030 and 2032, respectively.

    Defence Minister Tore Sandvik mentioned regardless of the rise in funds, Norway’s procurement of anti-ballistic air defences in addition to of maritime surveillance drones shall be delayed.



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