The Defence Ministry to Draft a Plan Under Which Defence Spending to Reach 2% of GDP by 2022

Politics » DEFENSE | April 13, 2017, Thursday // 10:53
Bulgaria: The Defence Ministry to Draft a Plan Under Which Defence Spending to Reach 2% of GDP by 2022 photo: EPA/BGNES

The Bulgarian Government Wednesday approved the 2016 Annual Report on the Status of Defence and the Armed Forces and will submit it to Parliament for debate and approval, Deputy Prime Minister and Defence Minister Stefan Yanev аnnounced.

"The draft informs the public and the future National Assembly of the status of defence and the armed forces and on the urgent tasks that we are handling until the end of 2017," Yanev said.

"The Bulgarian Armed Forces are already only partly capable of fulfilling their tasks under the missions arising from the constitutional duties to guarantee the country's sovereignty, independence and territorial integrity within the framework of NATO collective defence," the Deputy PM pointed out.

One of the main reasons for this is underfinancing, as a result of which the armed forces are between 25 and 30% undermanned.

The Defence Ministry, jointly with other central government departments, is drafting a National Plan under which defence spending is to reach 2% of GDP by 2022, Yanev said.


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: Stefan Yanev, armed forces, Defence Ministry

Advertisement
Advertisement
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