Sweden’s military spending is set to rise to 2.6% relative to the size of its economy by 2030, with the newest NATO member planning to surpass the alliance’s common goal.

A Swedish parliament committee says Sweden should increase its annual military budget by nearly 54 billion kronor ($5 billion) by 2030 to strengthen its air defenses and increase the number of conscripts,

Sweden's parliamentary committee has recommended increasing the military budget by nearly $5 billion until 2030 to improve air defenses and expand conscription.

In an era of heightened security concerns and geopolitical shifts, Sweden has embarked on a substantial overhaul of its military spending. The Swedish Defence Commission, a cross-party group, has advocated for an increase in defense spending to 2.