Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria to invest more than $2.3 billion in defence by the end of 2024

Photo: Archive

Bulgaria will invest 2.18 per cent of its GDP in defence this year, according to documents released by NATO ahead of its July 2024 summit in Washington. 

The country's 2024 defence spending is expected to be $2.325 billion, up from $1.992 billion in 2023. The data show a sustained increase in defence investment since 2020. However, the average number of army personnel is 0.6 per cent lower than in 2014, when NATO countries set a target of two per cent of GDP for defence spending, according to statistics cited by BTA.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Interim minister of the Interior Atanas Ilkov

Bulgaria's full Schengen membership will not open the floodgates to the EU, says Interior Minister

A quadripartite meeting of the interior ministers of Bulgaria, Hungary, Austria and Romania in Budapest on 22 November made it clear that Austria would lift its veto and that Bulgaria and Romania would probably become full members of Schengen from the..

published on 11/23/24 11:58 AM

President Rumen Radev meets the Bulgarian community in Singapore

President Rumen Radev met with Bulgarians living and working in Singapore during his visit to the Asian country on November 22-24. There are an estimated 400 Bulgarians living in Singapore. "Our diaspora in Singapore occupies a very special..

published on 11/23/24 10:07 AM

Sunny yet cold weather expected on Saturday

The weather on Saturday will be mostly sunny over most of Bulgaria. There will be considerable clouds in eastern Bulgaria before midday and rainfall is expected in the eastern areas, but precipitation will stop also there and clouds will break...

published on 11/22/24 7:35 PM