Denmark to Boost Defense Spending to 3% of GDP by 2030

Denmark's government is preparing to unveil a long-term defense plan on May 15, with a target of raising annual defense spending to 3% of gross domestic product by 2030, according to a leaked draft obtained by Berlingske. The plan, expected to be presented as a comprehensive defense agreement, would increase spending from the current 2.1% of GDP. It includes new frigates, air defense systems, and an expanded conscription program. Prime Minister Mette Frederiksen is scheduled to hold a press conference at 10:00 CET on the day of the announcement. The leaked document has already triggered debate and a search for details among political parties and analysts. Opposition parties have criticized both the pace of the proposed increase and questions over how it will be financed, though specific counter-proposals remain under discussion. The draft emerges as defense spending targets are a key topic in Copenhagen trade updates and Denmark economy today coverage. With the new target, Copenhagen business districts and the broader Øresund region may see shifts in government procurement and related industrial activity, though the plan's full economic impact is still being assessed.