Bulgaria’s defense spending in 2019 is 3.1% of GDP

LONDON, (BM) – Bulgarian Prime Minister Boyko Borisov and NATO Secretary General Jens Stoltenberg spoke each other before the NATO summit in London, learned BulgarianMilitary.com.

“I highly appreciate the Alliance’s role in protecting security, freedom and democratic values. For us, Bulgaria’s national security and defense is only guaranteed within the framework of NATO’s collective defense,” the Bulgarian PM said.

Read more: Why is Bulgaria Not Buying UAVs?

According to Borisov for Bulgaria more important than ever is the existence of unity and good relations with the countries of Europe and North America.

According to him, our country will continue to invest in defense, with 2019 Bulgarian investments in this area reaching 3.1% of GDP.

However, this is due to the advance payment of the 8 US F-16 Block 70 aircraft, which cost our country BGN 2.1 billion. According to preliminary information, in 2020 Bulgaria will spend 1.6% of GDP.

We remind you that two more important projects are in the pipeline for our army – two new Navy patrol vessels and hundreds of armored ground troops.

According to the plans of the MoD, deals for ships and armored vehicles worth a total of about BGN 2.5 billion are to be concluded next year.

Read more: Bulgaria Wants to Produce a Combat Aircraft Jointly with South Korea

The Bulgarian Prime Minister presented a plan to Jens Stoltenberg of what will follow in Bulgarian defense, focused on three main steps – raising defense spending, modernization and rearmament, and overcoming the shortage of personnel in the armed forces.

“Bulgaria will continue to support the Alliance’s efforts to achieve global peace and security. We consider our participation in NATO missions and operations a top priority and intend to maintain our commitment and contribution to them,” Borisov said.

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BulgarianMilitary.com
Editorial team

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