28 Jun '14, 7pm

Turkey Could Double Its Arms Budget

Turkey Could Double Its Arms Budget

ANKARA — Turkey, which has been spending around US $4 billion a year on weapons and upgrades, may double that to meet procurement goals for 2023. For about a decade, the country’s overall defense budgets have remained around $10 billion a year, or 1.25 percent of its $800 billion gross domestic product, said a top aide to Turkish Prime Minister Recep Tayyip Erdogan. “This is less than the NATO requirements, and much less than what a country like Turkey actually needs,” the aide said. “Turkey, in its geostrategic position, faces multiple conventional and asymmetrical threats, and it would be more convenient if it spent 2 to 2.5 percent on defense.” NATO leaders have encouraged members to spend at least 2 percent of their GDP on defense, but even the few that do sometimes struggle to meet the mark. By comparison, Russia spends 4.5 percent of its GDP on defense. “Economic cri...

Full article: http://www.defensenews.com/article/20140628/DEFREG01/3062...

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