Many other European countries and members of NATO — which also does not include Switzerland — have been beefing up their military spending in the wake of Russia’s invasion of Ukraine in February 2022.
The Swiss military plans to raise the ceiling on defence spending to 25.8 billion Swiss francs ($29.2 billion) between 2025 and 2028, up from 21.7 billion francs in the previous four-year period.
Word of the planned increase came as the government announced a 1.4 billion franc deficit for 2023 and an across-the-board 1.4% spending cut in all other government departments except defence in its three-year financial plan.
Switzerland’s government plans to use the extra funding to develop and upgrade radar systems, short-range missile defense, its tank fleet, missiles used by ground forces and cyberattack defence capabilities, among other things.
Source link : https://www.independent.co.uk/news/world/europe/switzerland-defence-spending-ukraine-gaza-b2496714.html
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Publish date : 2024-02-15 08:00:00
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