Bulgaria's Defense Budget to Reach 1.56% of the GDP in 2018

Bulgaria’s national defense budget will increase to 1.56% of the state’s GDP.

The data was reported by the Bulgarian News Agency quoting NATO. They also report that close to a third of this budget will be directed towards buying new hardware. BTA also claims that the budget will be increased manifold compared to 2014 and that it will exceed the NATO minimum.  

It is expected that the defense budget will be around 1.64 billion leva.

This will be the largest sum Bulgaria has spent on its military since 2011. The country’s GDP has also grown significantly since then, from $52 to $62 billion yearly. Despite the constant increase in defense spending, Bulgaria’s still spends the least amount of money on its armed forces than most other European countries in the last 7 years.

Modernizing the Bulgarian military has been a hot topic in the country’s political scene. The United States ambassador to Bulgaria, Eric Rubin, vouched that Bulgaria has a modernization plan.

Alex Dimchev

Alex Dimchev is a writer, editor, and weapons master for EUscoop.com

Comments (0)

Like Our Page on Facebook

Like our page to make sure you see all of our NEW articles!

Click to

Sign Up For Our Newsletter

Subscribe and stay informed about all important events!



x