Denmark has reached a landmark cross-party political deal that will reset the country’s defense infrastructure and lift military spending to record levels.
The deal was negotiated as part of the new defense agreement for 2018–2023.
Significantly, the agreement advances Denmark’s goal to raise spending on its military to 2 percent of gross domestic product ― a target set by NATO for its member states to hit by 2024.
The historic deal is a direct response to longstanding dogged criticism by opposition leaders that Denmark needs to be more active in collaborating with NATO and Nordic defense partners to provide a more credible deterrent to counter the threat of Russian aggression in the High North and Baltic Sea regions.
On the immediate front, the agreement will increase defense spending by $134 million to $3.8 billion in 2018. In the long term, the deal will grow military spending by 20 percent, to $4.6 billion, in 2023.