Finland has announced plans to increase its defense spending to a minimum of 3 percent of its Gross Domestic Product (GDP) by 2029, citing concerns over Russia’s military development and the changing security environment in Europe. The decision was made after Defense Minister Antti Häkkänen proposed it to Finland’s Ministerial Committee on Economic Policy.
The new funding will amount to €3.7 billion ($4 billion) and is expected to strengthen Finland’s defense capabilities, with a focus on modernizing its Army and bolstering other defense capabilities based on threat assessment. Häkkänen stated that the increase will allow Finland to counter Russia’s military development and maintain its ability to resist long-term military pressure.
Finland’s government has also expressed concerns over Russia’s aggressive leadership and its potential impact on regional security. Finnish defense expert Robin Häggblom noted that if Russia turns to a wartime economy, it may face difficulties in returning to peaceful coexistence after resolving the Ukraine situation.
The decision reflects Finland’s contribution to Europe taking greater responsibility for its own security. The government has also initiated preparations to withdraw from the Ottawa Convention on Anti-Personnel Mines, which is being done due to the ability of these mines to complement the Defense Forces’ capabilities.
Finland’s defense spending increase has been welcomed by experts, who see it as a significant step in modernizing the country’s military capabilities. The decision also sends a strong signal that both the government and opposition are committed to improving Finland’s defense posture.
Source: https://breakingdefense.com/2025/04/finland-pledges-defense-spending-increase-to-3-percent-gdp-by-2029