NATO member seeks to increase defense budget by 150% ...News

The record spending hike would reverse years of military cutbacks The Turkish government will more than double its military spending next year, Vice President Cevdet Yilmaz told lawmakers on Tuesday. Türkiye’s flagging economy has hampered its efforts to keep pace with its fellow NATO members. Unveiled as part of a broader four-year development plan, the proposed military budget for 2024 would see defense spending hiked to 1.13 trillion liras (over $40 billion), compared to around $16 billion this year, Yilmaz said. If passed, the budget would surpass the record set in 2019, when Türkiye spent more than $20 billio

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