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

Yordan Todorov, MP from Vazrazhdane party

Parliamentary report on Botas deal goes to Bulgarian and European prosecutors

The Bulgarian Socialist Party will send the parliamentary report on the gas contract with the Turkish state-owned energy company Botas to the Anti-Corruption Commission, the Bulgarian and the European prosecutor's office, party leader Kornelia Ninova..

published on 4/18/24 3:51 PM

Boyko Borissov: I did not propose Daniel Mitov as Foreign Minister

The leader of GERB Boyko Borissov said that he did not propose the deputy chairman of the party Daniel Mitov to become caretaker foreign minister. In his words, Mitov only coordinated with him whether to accept the post. "I do not want and have no..

published on 4/18/24 2:11 PM

Outgoing Dutch PM backs Bulgaria for Schengen accession by land

Bulgarian Caretaker Prime Minister Dimitar Glavchev has met with the Prime Minister of the Netherlands Mark Rutte , the press service of the Council of Ministers announced. The talks were held at the invitation of Rutte in the framework of the..

published on 4/18/24 1:07 PM