Ahead of 2024, the Norwegian government proposes a defense budget of 91 billion kroner, an increase they claim will strengthen the defense with new fighter jets, submarines, and more employees.
The budget allocation is an increase of about 15 billion norwegian crowns compared to this year’s budget.
– This defence budget will contribute to safeguard Norway at a time of international turmoil. We must increase our defence capabilities here and now, and lay the ground for further expansion in the future., says Defense Minister Bjørn Arild Gram in a press release.
The government proposes, among other things, 200 additional employees in the armed forces, an additional 100 students at military schools, 38 extra cadets, increased capacity at the Norwegian Defense University College, as well as improved housing and facilities. Furthermore, investments are proposed in F-35 planes, new submarines, surveillance aircraft, maritime helicopters, artillery ammunition, and infrastructure.
The increased budget would mean that Norway aligns with NATO’s guidelines for a defense budget of 2 percent.
– Our budget proposal for 2024 puts us ahead of the plan to reach two percent of our GDP in 2026, says Arild Gram.
Additionally, they will provide 7.5 billion crowns in support to Ukraine.