Danish government to invest $20.6 billion on defence over 10 years

Denmark aims to reach NATO's spending target of GDP's 2 pc on defence budgets by 2030

ITDC INIDA EPRESS/ ITDC NEWS:  Denmark's centrist government said Tuesday that it wants to invest some 143 billion kroner ($20.6 billion) in the country's defence over the next decade, citing a serious threat picture.

The government has an ambition to reach NATO's target of spending 2 per cent of gross domestic product on military budgets by 2030, in part as a response to Russia's invasion of Ukraine.

“We are at a historic turning point in defence and security policy. There is war in Europe, and we can no longer take peace for granted,” acting Defence Minister Troels Lund Poulsen told a press conference, calling it an ambitious plan.

“The threat picture can change quickly. We see this not least with the war in Ukraine,” Lund Poulsen said.