The agreement was reached on Sunday, January 28, according to Reuters.
“The threat from Russia is real and increasing, so we must show determination to defence – and we are determined,” said Lars Lokke Rasmussen, the Prime Minister.
Under the agreement, NATO-member Denmark will establish a 4,000-member brigade focused on the Baltic Sea. Some of the budget funds will also be used to fight against cyber threats.
By 2023, the country’s military spending will be 20 percent above current levels. For 2018, Denmark’s military budget will be an estimated $3,7 billion.