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

Boyko Borissov

UPDATED: Political forces react to early results

The exit polls from all the polling agencies show that GERB-SDS, led by Boyko Borissov, is clearly the number one political force in the future 51st Bulgarian Parliament. In recent years, the party has refrained from commenting before the final results..

published on 10/27/24 9:05 PM

Very high turnout of Bulgarians in Brussels

Very high turnout by midday at one of the 16 polling stations in the heart of Europe - Brussels. 334 Bulgarians (as of 15:00 Bulgarian time) have so far exercised their right to vote in Section 2 of the Permanent Representation of Bulgaria to the EU,..

published on 10/27/24 8:36 PM

Trend and Alpha Research: 7 parties are certain to enter parliament, 2 on the brink

The first data from the exit poll by the Trend sociological agency , reported on Nova TV, show that 7 parties are certain to enter the new 51st National Assembly: GERB-SDS - 26.1% , We Continue the Change - Democratic Bulgaria (PP-DB) - 14.3%,..

published on 10/27/24 8:27 PM