Swedish Armed Forces will receive additional SEK 500 million this year

The parties behind the current defence policy for 2016-2020 have now agreed on raising the defence funds by SEK 500 million this year, they announced during a joint press conference. The parties also agreed that more money will be needed in 2018 but the amount has not yet been specified, reports TT. In connection with the conference Folk & Försvar in January, all Alliance parties called for increased defence funds, but at that time the Minister for Defence, Peter Hultqvist (S) had a dismissive attitude. Two weeks ago, Supreme Commander Micael Bodén presented the budget documents for 2018 and said that SEK 6.5 billion is missing for the next three years. Now Hultqvist says that the increased spending means they are sending an “important security policy signal”.

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Jenny is a journalist at Mundus News and a contributor to the Monthly Policy Review. As well as writing for Mundus, Jenny currently works with press and culture at the Embassy of India. She has a keen interest in international relations and politics. Jenny has a degree in business administration and marketing from Nackademin and has previously worked in asset management for emerging markets.