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

340,000 pensioners will receive a Christmas bonus of EUR 50

Pensioners whose monthly pension is below the poverty line of 526 leva (EUR 269) will receive a Christmas bonus of 100 leva (EUR 50), said caretaker Minister of Labor and Social Policy Ivaylo Ivanov.  The money will be transferred by December 19...

published on 12/9/24 10:46 AM
Delyan Peevski

Delyan Peevski outlines two goals – the adoption of the state budget and new elections

The leader of "Movement for Rights and Freedoms – New Beginning", Delyan Peevski, called on the parliamentary groups to fulfill only one responsibility – to adopt the state budget in order to guarantee the security of the country and the..

published on 12/9/24 10:34 AM

Ministry of Foreign Affairs: Fifteen Bulgarians will leave Syria at the first opportunity

The safe departure of 15 Bulgarian nationals who have requested to leave Syria will be ensured at the first opportunity, the Ministry of Foreign Affairs said. The Embassy of the Republic of Bulgaria in Damascus is in constant contact with the..

published on 12/9/24 8:51 AM