Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Denmark will 'buy, buy, buy' military gear, prime minister says
    Headlines

    Denmark will 'buy, buy, buy' military gear, prime minister says

    Published by Global Banking & Finance Review®

    Posted on February 19, 2025

    2 min read

    Last updated: January 26, 2026

    The image depicts Danish Prime Minister Mette Frederiksen announcing a significant increase in military spending to enhance defense capabilities amidst rising global threats, particularly from Russia.
    Danish Prime Minister Mette Frederiksen discusses military budget increase - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Denmark will increase its military budget by 50 billion crowns to address defence gaps, focusing on swift procurement amid global tensions.

    Denmark to Increase Military Budget Amid Global Tensions

    By Stine Jacobsen and Jacob Gronholt-Pedersen

    COPENHAGEN (Reuters) - Denmark will increase its military budget by a combined 50 billion crowns ($6.99 billion) this year and next to address acute shortcomings, most notably in surface-to-air missile defence systems, the prime minister said on Wednesday.

    After decades of drastic cuts in defence spending, Denmark last year allocated an extra 190 billion crowns for its military over a 10-year span, but has now concluded that more is needed and that it must come quickly.

    "Does the world look uneasy? Yes. Is there reason to believe it will be over soon? No," Prime Minister Mette Frederiksen told a press conference. "There is one message for the chief of defence: Buy, buy, buy."

    She said procurement would be made without going through the normal lengthy tender procedures.

    "If we can't get the best equipment, buy the next best. There's only one thing that counts now and that is speed," Frederiksen said.

    Frederiksen on Monday said Russia had become a threat to all of Europe and called on each country to ramp up defence spending to protect themselves while also increasing their support for Ukraine.

    Denmark and most other NATO members have also come under increased pressure from U.S. President Donald Trump to ramp up military capabilities further.

    Defence Minister Troels Lund Poulsen said Denmark's increase will lift overall military spending to 3.2% in 2025 from 1.37% in 2022, the year that Russia launched its full-scale invasion of Ukraine.

    The investments will weaken Denmark's public sector fiscal balance, going from a sizeable surplus in recent years to a potential deficit in 2026 of 0.8% of GDP, a government forecast showed.

    While Denmark is among the biggest contributors of military aid and equipment to Ukraine relative to the size of its economy, the aid has depleted its own ground forces which lack hardware, ammunition and staff.

    The long period of downsizing of domestic forces means Denmark has no air defences and significant shortcomings in its naval capabilities, military experts and government officials have said.

    ($1 = 7.1496 Danish crowns)

    (Reporting by Stine Jacobsen and Jacob Gronholt-Pedersen, editing by Anna Ringstrom)

    Key Takeaways

    • •Denmark to boost military budget by 50 billion crowns.
    • •Focus on surface-to-air missile defence systems.
    • •Procurement to bypass lengthy tender processes.
    • •Military spending to rise to 3.2% of GDP by 2025.
    • •Denmark's fiscal balance may shift to a deficit by 2026.

    Frequently Asked Questions about Denmark will 'buy, buy, buy' military gear, prime minister says

    1What is the main topic?

    The article discusses Denmark's decision to significantly increase its military budget to address defence shortcomings.

    2Why is Denmark increasing its military budget?

    Denmark is increasing its military budget to address defence gaps and respond to global tensions, particularly the threat from Russia.

    3How will the increased spending affect Denmark's economy?

    The increased military spending may lead to a fiscal deficit by 2026, shifting from a previous surplus.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    View All Headlines Posts
    Previous Headlines PostAnalysis-Russian forces advance on Ukraine's critical minerals as Trump talks of a deal
    Next Headlines PostFlorence bans check-in keyboxes as Italy acts against overtourism