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

Sofia now has the biggest ice rink in the Balkans

Ice Park, the biggest ice rink on the Balkan peninsula, is in Sofia.  The new park stretches over 11,000 sq. m., with an ice surface totalling 4,000 sq. m. 800 metres of alleyways connect three big skating rinks, and there is a separate ice alleyway..

published on 12/5/24 9:18 AM

Citizens protest against the construction of a wind farm in Dobrudja

Representatives of the national citizens' initiative "The White Swallow" are protesting today in front of the Regional Inspectorate of Environment and Water in Varna.  The protest was prompted by an upcoming meeting on the construction of a wind farm..

published on 12/5/24 8:30 AM

President Radev expects the court to rule on his appeal regarding the changes to the Constitution

President Rumen Radev expects the Constitutional Court to rule more quickly on his appeal regarding the changes to the Constitution. The head of state made this statement in front of students at the University of National and World Economy, where he..

published on 12/4/24 7:20 PM