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Reuters
Reuters
Politics

Denmark proposes spending extra $5.7 billion for armed forces over 10 years

FILE PHOTO: A Danish soldier looks on, as Dynamic Front military exercise led by the United States takes place in a training area, in Oksbol, Denmark March 30, 2023. REUTERS/Fabian Bimmer/File Photo

Denmark's government on Thursday proposed allocating an extra 38 billion Danish crowns ($5.65 billion) over the coming 10 years to upgrade its armed forces and to cope with a backlog in investments.

The allocation would come in addition to Denmark's commitment last year to permanently increase its spending on defence and security to 2% of the country's gross domestic product by the end of 2030, a key goal for NATO member states.

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