24 September 2021

Swedish defence budget continues upward trajectory

by Ana-Roxana Popescu

Sweden's Finance Ministry submitted the country's 2022 budget bill to parliament on 20 September, allocating SEK76.77 billion (USD8.6 billion) to defence and crisis preparedness for 2022, a nominal increase of 7.6% or 6.2% in real terms compared with 2021. The defence budget reached 1.45% of GDP, the highest level since 2005, after fluctuating between 1.1% and 1.3% during the decade to 2020.

Sweden's Finance Ministry submitted the country's 2022 budget bill to parliament on 20 September, al...

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