Hungary’s defence receives spending boost
Budapest, May 16 (MTI) – Hungarian defence spending for developments is increasing by almost 100 billion forints (EUR 324m) next year, according to the daily Magyar IdÅ‘k.
Fully 428 billion forints has been earmarked for defence in 2018, the equivalent of 1.05 percent of gross domestic product. This is up by 73.6 billion forints, or 21 percent, compared with the current year, the paper said on Tuesday, citing a defence ministry statement.
Development programmes include upgrading battlefield armaments and the personal gear of soldiers as well as further developing the volunteer reserves.
The ministry said handling migration pressure would remain a task of Hungary’s defence forces, and 25 billion forints has been set aside for related operations in 2018.
Photo: MTI
Source: MTI
please make a donation here
Hot news
Disturbing VIDEO emerged of the murdered American woman’s last hours: she walked hand in hand with her alleged killer
Dozens of Budapest technological university BME researchers on the Stanford list
Top Hungary news: winter is here, Romania joins Schengen, American woman’s murder details – 23 November, 2024
Hungarian foreign minister outrages for US sanctions against Putin’s Gazprombank
Suleiman the Magnificent: The Great Sultan’s heart rediscovered in Hungary
The National Bank of Hungary cooperates with Chinese university