Sweden's defence budget could reach the target of 2% of GDP in 2028 as the country ramps up spending in the wake of Russia's invasion of Ukraine, the military said on Monday.
The government said in March it would raise military spending to 2%, but said it was too early to say when the defence budget would reach that level.
"It is not the case that the strengthening of our defence capabilities will happen first in 2028," the Swedish Armed Forces said in a statement. "Significant increases in capacity will happen every year up to then."
