Key meeting of NATO defense ministers in Brussels
Bulgaria's Minister of Defense Dimitar Stoyanov is participating in the meeting of NATO member states' defense ministers, currently taking place in Brussels, Belgium. The forum is focused on discussing strategic decisions regarding the Alliance's deterrence potential.
"An ambitious plan has been prepared to increase defense spending to 5% of GDP by 2030," emphasized Minister Stoyanov.
Main agenda items:
- Preparation for the upcoming NATO Summit in Ankara.
- Implementation of commitments to increase defense capacity.
- Development of the defense industry of member states.
Details on defense investments:
Minister Stoyanov specified the structure of future expenditures:
- 3.5% of GDP for direct military spending.
- 1.5% for infrastructure, cybersecurity, and supporting projects.
For comparison, last year expenditures were 2.13%, and they are expected to reach 2.15% of GDP this year.