Sweden will reach new NATO spending target of 5% of GDP, prime minister says
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.
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