The Gripen E is the latest variation of the Swedish-made fighter jet, costing $85m per unit this is considerably more than the previous D and C variants. Modern defence technology makes progress at a swift pace and keeping the military competitive will incur greater costs. Major capabilities in the Swedish Armed Forces are currently undergoing significant changes in the form of new platforms or upgrades of existing ones. European tensions with Russia create particular concerns for Swedish defence due to the close relationship the country has with the Baltic states of Lithuania, Estonia, and Latvia. On March 10, 2022, the Swedish Prime Minister announced the intention to increase spending to 2.0% of GDP ‘as soon as practically possible’ in response to the invasion. This need is compounded by the fact that Sweden are pursuing NATO membership to benefit from the collective security promised by the all participants to fellow members. Russia’s aggression in Eastern Europe has highlighted Sweden’s need to ensure it is capable of protecting its sovereignty and territorial integrity. The Russian invasion of Ukraine has only reiterated what was already a core focus of Swedish defence spending: ensuring readiness in the face of heightened tensions that have resulted from increased competition between regional state powers. The country has already committed its forces to military exercises in the recent past, demonstrating their performance and interoperability with the UK and Finland in Exercise Vigilant Knife in September 2022, integrating the Swedish Air Force into a wider interoperable Nordic air force in March 2023, and with their upcoming national exercise Aurora 23 in May. Percent of GDP in 2011, and exceeded 1 percent GDP in 2020.Sweden’s fiscal trajectory is encouraging as the country on NATO’s northern flank seeks to bolster the defence community’s position by consolidating the Baltic sea region. But veterans spending has increased in the late 2000s, hit 0.82 Veterans spending declined slowly in the 1980s and 1990s and reached 0.42 percent of GDP Thereafter veterans spending declined slowly to 0.7 percent in 1966,īefore rising to one percent of GDP by the mid-1970s in the aftermath of the Vietnam War. Immediately after World War II the US ramped up spending on veterans, peaking at 2 percent Of GDP before declining steadily to 0.26 percent of GDP in the middle of World War II. In 1936 veterans spending peaked at 2 percent The War on Terror of the 2000s saw an increase in defense spending share, peaking at 24.5 percent share in 2010.ĭefense share of federal spending declined to 20.6 percent share in 2017 and dropped below 20 percent shareĪt the start of the 20th century the US spent about 0.6 percent of GDP on its veterans.īy the start of World War I veterans spending had declined to 0.5 percent of GDP andĪfter World War I veterans spending climbed back to 0.6 percent of GDP and hit 1.6 percent Then it declined to 20 percent share by the late 1990s. In the early 1980s defense spending recovered a larger share of federal spending, reaching 32 percent in 1987. But when the Vietnam War wound down defense share dropped rapidly, and bottomed at 28.5 percent share The Cold War saw a steady decline in defense spending as a share of federal spending, down to a 52 percent share Defense spending declined to about 60 percent share in the late 1940s, but then increased to a 72 percent share of federal spending in 1952 during the Korean War. Share of 88 percent of federal spending in 1945. Chart 2.35: Defense Share of Federal Spendingĭefense spending along at 20 percent share of federal spending in the late 1930s, but then soared to a peak
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