A sharp increase in Sweden's defense budget allocation will enable its military to move forward with implementing all core parts of the government's "Total Defence 2021-2025" plan. The plan, which projects annual spending on defense to increase by $3.17 billion to $10.45 billion by 2025, is also buttressed by a parallel strategy to deepen the country's pan-Nordic defense cooperation in partnership with Denmark, Norway, Finland and Iceland. According to the Stockholm International Peace Research Institute, Sweden spent (in current figures) about $5.43 billion on its military in 2016; $5.53 billion in 2017; $5.73 billion in 2018; $5.84 billion in 2019; and $6.45 billion in 2020.
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