Turkey spends $13.2 billion on defence in 2014.

Turkey's defense spending stood at 29.4 billion Turkish Liras ($13.2 billion) this year, Defense Minister İsmet Yılmaz  gave the information to Parliament on 2 November in response to a parliamentary question from a deputy of the opposition Nationalist Movement Party (MHP), according to Hurriyet Daily News.

Turkey spent some 1.71 percent of its gross domestic product (GDP) on defense in 2014, a drop from the 3.5 percent of its GDP spent on defense in 2002, Yılmaz said, adding that the 2014 defense budget accounted for 3.7 percent of the overall state budget.

Around half of the country's defense budget goes on personnel spending, such as salaries, benefits and pension payments to retired Turkish Army personnel, he added.

Turkey's military expenditure per capita in 2013 was 474 liras ($213), Yılmaz said. He also said Turkey's defense exports stood at $1.4 billion in 2014, while its imports were $1.3 billion.

Turkey is currently negotiating a $3.5 billion deal for a long-range air and anti-missile defense system, including local production, with suppliers from China and Europe. Ankara plans to spend around $70 billion on military equipment by 2023.

source: Commonspace.eu with Hurriyet Daily News.

 

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Syria and Israel in direct talks focused on security

Syria and Israel in direct talks focused on security

Israel and Syria are in direct contact and have in recent weeks held face-to-face meetings aimed at calming tensions and preventing conflict in the border region between the two longtime foes, according to an exclusive Reuters report. The contacts mark a significant development in ties between states that have been on opposite sides of conflict in the Middle East for decades, as the U.S. encourages the new Islamist rulers in Damascus to establish relations with Israel and Israel eases its bombardment of Syria.

Popular

Editor's choice
News
Syria and Israel in direct talks focused on security

Syria and Israel in direct talks focused on security

Israel and Syria are in direct contact and have in recent weeks held face-to-face meetings aimed at calming tensions and preventing conflict in the border region between the two longtime foes, according to an exclusive Reuters report. The contacts mark a significant development in ties between states that have been on opposite sides of conflict in the Middle East for decades, as the U.S. encourages the new Islamist rulers in Damascus to establish relations with Israel and Israel eases its bombardment of Syria.