STOCKHOLM (Reuters) -Sweden will reach a new NATO spending target of 5% of the country's GDP, Swedish Prime Minister Ulf Kristersson said on Friday during a joint press conference with NATO general
Sweden's Prime Minister Confirms NATO Spending Target of 5% GDP
STOCKHOLM (Reuters) -Sweden will reach a new NATO spending target of 5% of the country's GDP, Swedish Prime Minister Ulf Kristersson said on Friday during a joint press conference with NATO general secretary Mark Rutte in Stockholm.
"I'd like to confirm that Sweden will reach a new NATO spending target of 5% of GDP, where at least 3.5% of GDP will be allocated towards core defence requirements to fulfill NATO's new capability target," Kristersson said.
(Reporting by Greta Rosen Fondahn, writing by Louise Rasmussen, editing by Stine Jacobsen)
