Bulgaria's Military 'to Demand' BGN 200 M Budget Hike for 2015

Politics » DEFENSE | October 14, 2014, Tuesday // 12:52
Bulgaria: Bulgaria's Military 'to Demand' BGN 200 M Budget Hike for 2015 The Defense Ministry in Bulgaria's capital Sofia. Photo by BGNES

The Defense Ministry will push for a higher military spending to be allocated in 2015, media reports suggest.

Deficits impeding the army to cover even some of its most essential needs are behind the expected move, with at least BGN 1.2 B needed to ensure that money for additional training and armament is available, daily Pressa hints, citing ts own sources.

About BGN 1 B have been set aside for the military this year, with most of the money spent on wages, insurance and maintenance of the Armed Forces.

The Ministry of Defense has refused to confirm or edny the report, but interim Deputy Defense Minister Desislava Yosifova voiced last week her "hope" the military budget would go up in 2015 so that a higher sum could be earmarked for what she called "capital expenditures".

Under plans put forward by the caretaker government (and earlier declared by President Rosen Plevneliev), the military's money should increase by BGN 130 M every year until 2020 in order to modernize both the Bulgarian Land Forces and the Bulgarian Navy, but also to upgrade the air force's capabilities through new fighters.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Defense » Be a reporter: Write and send your article
Tags: Rosen Plevneliev, Defense Ministry, caretaker government, budget, Desislava Yosifova
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria