Oslo, March 27, 2026 (AFP) - Norway to hike defence budget by $11 bn over 10 years

NAMPA / AFP

2026-03-27

Norway, a NATO member bordering Russia, said Friday it was increasing its defence budget by 115 billion kroner ($11 billion) over the next decade, citing a deteriorating security situation. Prime Minister Jonas Gahr Store told a press conference this would raise the figure from 112 billion kroner now to over 190 billion kroner by 2035. The move would see a near-tripling of Norway's defence budget than the level before Russia's full-scale invasion......

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