Newest NATO member Finland to spend 2.3% of GDP on defence

HELSINKI (Reuters) - NATO's newest member Finland plans to spend 2.3% of its gross domestic product (GDP) on defence next year, its defence ministry ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSHELSINKI - NATO's newest member Finland plans to spend 2.3% of its gross domestic product on defence next year, its defence ministry said on Monday.

Finland joined the alliance in April, in a historic security policy U-turn in response to neighbouring Russia's 2022 invasion of Ukraine. Finland's defence spending has increased significantly in recent years, even before it became a NATO member, because it is replacing its ageing fleet of F/A-18 combat jets with F-35 fighter jets.

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