To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu

Norway FY22 budget proposal (video)

20th October 2021 - 15:00 GMT | by Noemi Distefano in London

RSS

The Norwegian MoD has released its FY2022 budget proposal.

The Norwegian MoD released its proposed defence budget for 2022 on 12 October.

The Norwegian government has released its defence budget for FY2022 which amounts to NOK69 billion ($8.3 billion).

In a press release issued by the government on 12 October, Minister of Defence Frank Bakke-Jensen stated: ‘For the sixth year in a row, the Government proposes a significant budget-increase in order to additionally enhance readiness and operational capability. In a security environment that is continually more challenging, we remain committed to securing budgets that provide continuity and predictability, as well as opportunities.’

He added: ’The COVID pandemic has influenced the Norwegian economy significantly. Yet we still continue to invest in security. It is vital that Norway has a strong national defence based on our membership in NATO.'

The document highlights a 6.6% increase in FY2022, resulting in an additional NOK4.3 billion ($513 million) boost for the defence sector.

Based on the available data, Shephard understands the highest operating expenses for 2022 will be allocated for the Royal Norwegian Air Force as the country plans to stay in line with its long-term plans, which include high-value investment in  F-35A combat aircraft.  

Other major procurement priorities include new submarines, new maritime patrol aircraft, CV90 combat vehicles for the Norwegian Army, NH90 maritime helicopters and more.

In this video, Shephard provides a 90-second snapshot of the FY2022 proposal, delivering key data across air, land, sea and cyber domains and including the top three investment priorities for each service.

Share to

Linkedin