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

Bulgaria nears NATO standard for 2% of GDP spent for defense

Photo: BGNES

Bulgaria has planned to use 1.61 per cent of its gross domestic product for defense. That's 927 million USD for 2019. The rise is 0.3 percent compared to 2014, when Sofia spent 638 million USD or 1.31 percent of GDP. In NATO the US spends the largest share of GDP for defense - over 3.42%. Luxembourg is last with 0.55 per cent, as it has the highest GDP per capita in the EU - 66.000 euros. Montenegro allocates a little more money than Bulgaria as a percentage of its GDP - 1.65 per cent. Defense spending has risen steadily over the past 5 years. More and more countries are close to reaching the target of 2% of GDP for defense, NATO Secretary-General Jens Stoltenberg said.



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

Angel Kunchev

The spread of whooping cough is expected to subside by the end of 2024

An emergency epidemic situation will not be introduced in the country due to the spread of pertussis (whooping cough), as this is not necessary. This was announced by the chief state health inspector, Assoc. Prof. Angel Kunchev...

published on 4/26/24 11:53 AM

GERB leader predicts five more caretaker governments

With the votes of GERB-SDS and PP-DB, the parliament rejected the request for a debate on the report of the temporary committee to investigate corruption practices in the "Customs" Agency and the possible role of the former finance..

published on 4/26/24 10:54 AM

Strong hail damages crops in south-eastern Bulgaria

Hail storm caused huge damage in the regions of Plovdiv, Haskovo, Stara Zagora and Sliven. No people were injured but crops in many places were destroyed .  The villages of Banya, Samuilovo, Zetiovo, Gita, Svoboda and Shivachevo..

published on 4/26/24 9:27 AM