Audit clears Finnish F-35 buy amid rising spending on pandemic, Ukraine29 Mar 2022 Gerard O'Dwyer"HELSINKI — A budgetary analysis by Finland’s Ministry of Finance (MoF) has determined that the government’s $10 billion buy of 64 Lockheed F-35 fighter jets can be funded from within the Finnish Defense Force’s (FDF) established annual income and expenditure framework.
Officials conducted the cost and affordability review to ascertain if factors outside the armed forces’ control, including pandemic-led government spending constraints and pressures on the military’s finances amid tensions over Russia’s invasion of Ukraine, might require supplementary measures outside of the defense budget to help fund the acquisition....
...Finland had budgeted to spend $5.6 billion on defense in 2022, equivalent to 1.96% of the country’s Gross Domestic Product. The Finnish government has responded to the FDF Command’s concerns by promising to increase the defense budget for 2022 and 2023. Defense Minister Antti Kaikkonen informed opposition party leaders on March 24 that Prime Minister Sanna Marin’s Cabinet would meet in coming weeks to discuss ways of raising Finland’s defense budget year-on-year to ensure that the military has sufficient finances to cover all expenditure needs moving forward....
...Significantly, Russia’s invasion of Ukraine has resulted in the Finnish government approving plans by the FDF to accelerate a rebuild of the country’s ground-based air defenses and the linked procurement of surface-to-air missile systems, said Kaikkonen. The FDF is currently examining purchases of anti-aircraft weapons systems from potential suppliers Israel Aerospace Industries and Rafael Advanced Systems.
“This is another substantial investment for Finland, coming as it does after our agreement to acquire 64 F-35 fighter jets from Lockheed. The reality is we need to invest more to ensure we maintain a strong national defense capability,” said Kaikkonen.
The F-35 fighter jets will replace the Finnish Air Force’s (FAF) 57 F-18 Hornet frontline fighters purchased from McDonnell Douglas in 1992. The FAF, which plans to phase out all existing Hornets by 2030, expects to take delivery of the first F-35 jets in 2026, becoming the third Nordic country, along with Denmark and Norway, to operate the aircraft type."
Source: https://www.defensenews.com/global/euro ... c-ukraine/