Denmark boosts military spending, announces more aid for Ukraine

Denmark’s government plans to invest 143 billion Danish crowns ($21bn) in defence over the next 10 years, with an aim to meet its military and security goals as a founding NATO member.

The Nordic nation currently spends around 27 billion Danish crowns per year ($3.89bn) on defence, and the government had said it will progressively increase this by up to 19.2 billion Danish crowns ($2.8bn) by 2033, beginning with an increase of 6.9 billion Danish crowns ($995m) next year.“We must, to a greater extent, be able to live up to the demands and expectations that NATO and its allies have for Denmark,” Troels Lund Poulsen, acting defence minister, told reporters.

“This requires large investments in our armed forces to lift our share of the responsibility,” he added.

On Monday, Danish Prime Minister Mette Frederiksen – who has emerged as a contender to become NATO’s next chief – also announced that the country would be allocating an additional 21.9 billion Danish crowns ($3.16bn) in military aid to Ukraine — a move that was welcomed by Ukrainian President Volodymyr Zelenskyy.

After the Cold War, Denmark scaled back spending on its defence capabilities.