Denmark signals defence funding boost
Denmark is the latest European NATO member state to announce that it intends to increase military spending as a percentage of GDP and abolish its opt-out from EU defence mechanisms, in response to the Russian aggression against Ukraine.
However, the government’s plan to maintain a 2% benchmark until 2033 must be approved by a referendum that will be held on 1 June.
In 2021, the Danish defence budget of DKK36.3 billion ($5.31 billion) equated to 1.47% of GDP. The new plan would see an extra DKK18 billion per year spent on defence, plus an extra DKK7 billion for other investment in the Danish Armed Forces.
Today, Denmark cannot vote on any EU defence policy decisions though it has a say in broader European defence policy discussions. The country cannot fund EU military operations or provide troops or resources to any EU presence in a conflict zone.
More from Defence Notes
-
What the future holds for Ukraine and NATO under a Trump administration
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
-
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
-
UK boosts defence budget by 5.3%, but is this enough?
The UK budget announced in Parliament on 30 October is the first by a Labour government in 14 years. While it sees a boost in defence spending, this comes in the face of fiscal challenges and the effects of inflation.
-
UK makes big moves to fix “broken” defence procurement system ahead of major review
The changes are intended to meet greater need and deliver more value for money.
-
US companies invest in production capabilities to satisfy DoD’s hunger for cutting-edge capabilities
BAE Systems, Booz Allen Hamilton and Lockheed Martin have been betting on new facilities and innovative manufacturing technologies to speed up the development of new solutions.