Norway’s newly formed Conservative-led government is under pressure from opposition leaders to raise defense spending to 2 percent of gross domestic product by 2024.
Opposition leaders fear the lack of an ambitious capital investment plan for Norway’s military organization will lead to spending on defense falling from 1.5 percent of GDP in 2018 to 1.5 percent by 2020.
Norway’s spend on defense is estimated to have corresponded to 1.59 percent of GDP in 2017. Latest indicators suggest that the 1.5 percent ratio might continue until 2024. Read More
Opposition leaders fear the lack of an ambitious capital investment plan for Norway’s military organization will lead to spending on defense falling from 1.5 percent of GDP in 2018 to 1.5 percent by 2020.
Norway’s spend on defense is estimated to have corresponded to 1.59 percent of GDP in 2017. Latest indicators suggest that the 1.5 percent ratio might continue until 2024. Read More