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

Raya Nazryan

National Assembly Speaker to convene extraordinary parliamentary session if one fifth of the MPs request it

The Speaker of the National Assembly, Raya Nazaryan, would convene an extraordinary session if one-fifth of the MPs proposed specific topics and points of discussion. In Kyustendil, where she is a guest of the Fertility..

published on 9/28/24 3:24 PM

Statistics show Bulgarians live in good health longer than the average level in Europe

Bulgarians live in good health longer than most citizens of the European Union, according to Eurostat data. This country is more than 4 years ahead of the average levels in the EU at the backdrop of having the lowest life expectancy..

published on 9/28/24 3:05 PM
Lyudmila Petkova

Bulgaria risks losing 1 billion euros under the Recovery and Resilience Plan

This country may lose over a billion euros of European funding due to unadopted changes to the Recovery and Resilience Plan, the new chapter to it and the updated road map for climate neutrality, which were not accepted by the..

published on 9/28/24 12:53 PM