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

15 Bulgarians in Syria ask Bulgarian Embassy for help in leaving the country

After rebels in Syria seized Damascus and declared President Bashar al-Assad's ouster earlter today, the Ministry of Foreign Affairs urges Bulgarian citizens residing in the country not to leave their homes until public order is normalised. The..

published on 12/8/24 2:32 PM

Bulgarian President Rumen Radev and Donald Trump discuss the war in Ukraine

President Rumen Radev met with US President-elect Donald Trump during a working visit to France on December 7-9. "With US President-elect Donald Trump, we discussed the war in Ukraine and ways to end it as soon as possible by diplomatic means," Radev..

published on 12/8/24 10:22 AM

President starts political consultations on Tuesday

I would like to congratulate the parliament on electing a speaker. Political consultations will begin on Tuesday. First and foremost is the submission and adoption of the state budget, President Rumen Radev said from Paris, where he is on a visit for..

published on 12/7/24 6:02 PM