The Ministry of Defense plans to spend EUR 215 million for procurement of equipment by 2028, while defense investments will increase by 82% and in 2028 will amount to EUR 145 million, suggests the Defense Long-term Development Plan 2019-2028.
Moreover, the infrastructural projects will require around EUR 30 million, while during the period from 2019 to 2024, the defense expenditures are projected at 1.73% in 2020, i.e. 2% in 2024.
“Based on the current estimations of GDP growth, it’s planned to gradually increase the volume of funds for defense purposes, which means the defense spending by 2024 will amount to around EUR 40 million,” the Plan reveals.
The Ministry plans to keep the level of investments at 2% for the period 2024-2028.
