Denmark to boost defence by $5.9 bln over next five years

Denmark plans to increase its defense spending by 40.5 billion Danish crowns over the next five years to bolster its military. Prime Minister Mette Frederiksen stated that this move is aimed at preventing war and addressing challenges to the inter...

AFP
Danish Prime Minister Mette Frederiksen meets conscripts during a visit to Air Base Karup, the main air base of the Royal Danish Air Force, in Jutland, Denmark on March 7, 2024.
Denmark will increase spending on its own defence by 40.5 billion Danish crowns ($5.9 billion) over the next five years, its government said on Wednesday as it presented the NATO member's plans to bolster its military.

"We are not rearming in Denmark because we want war, destruction, or suffering. We are rearming right now to avoid war and in a world where the international order is being challenged," Prime Minister Mette Frederiksen told reporters.

The money comes in addition to the 155 billion crowns Denmark last year pledged to invest in defence over the next 10 years.


A founding member of the North Atlantic Treaty Organization, Denmark scaled back its military capabilities after the end of the Cold War in the early 1990s and has acknowledged major shortcomings in the ability to defend its territory.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Defence › Denmark to boost defence by $5.9 bln over next five years
Text Size:AAA
Success
This article has been saved

*

+