IRC that 60 billion is 4%. But those are 2022 numbers.
Obviously they're spending far more now.
Also, given they've had been preparing for the war in Ukraine for a while, I suspect they were lying about their true defense spending in 2022 also, but lying about it to avoid raising any alarms.
The US spends 3.7% but unlike the US Sweden doesn't maintain military bases across the globe or need the capability to fight China in Taiwan.
Honestly wouldn't mind.
If they're wasting half a billion on Trump's legal bills, that's half a billion that can't be spent bombing Ukrainians.