2021 Defence Spending to Reach 1.66% of GDP

2020. július 06.

MTI / Hungary Today

Hungary’s defence spending will continue to increase in 2021, to 1.66 per cent of GDP, nearing the 2 per cent requirement by NATO, the Defence Minister said. The central budget, approved by parliament on 3rd July, has allocated 778 billion forints (EUR 2.2bn) for defence purposes next year, up 162 billion forints from 2020. Tibor Benkő told public broadcasting channel M1 that 25-30 per cent of the funds will be spent on upgrades. More...