Category: Business News
The Norwegian Government will allocate an additional NOK 115 billion to the financial framework for the Long-term Defence Plan for the period up to 2036. NOK 31 billion of this will be provided by 2030. The Government is also proposing adjustments to the plan and is redefining some of the priorities.
‘Since we presented the Long-term Defence Plan, the world has become more unstable and the security landscape more complex. We are now taking steps to adjust the plan to ensure more effective development of our defence capabilities in a more uncertain world. The cost of defence equipment has increased and the war in Ukraine has given us new insights. We are therefore allocating a significant increase in resources to the long-term plan, while also carefully weighing the priorities needed to rapidly strengthen Norway’s defence capabilities,’ said Prime Minister Jonas Gahr Støre.
Source: Government.no