Budget of Defense Ministry to be increased by 10 million GEL

19:51, 07.10.2017

The funding allocated for Defense Ministry from the state budget has increased with 10 million and will reach 680 million next year, – Georgia’s Defense Minister Levan Izoria claims.

Izoriahas responded to information on the ministry budget reduction with this comment. “The project you mean was considered for purchase of anti-missile systems for 4 years. Its funding expired, but the budgetary sum for the Defense Ministry has increased, reaching 680 million.

Therefore, we meet and increase the NATO standard on allocation of 2% of GDP for the defense budget. We will also meet an important NATO standard on focusing 15-20% of the defense budget on armament in the future,” Izoria stated.

Military

Budget