Latvia plans to double defense spending

  • 2012-04-11
  • From wire reports
RIGA - By 2020, Latvia’s defense budget has to be equal to 2 percent of the gross domestic product, according to the Defense Ministry’s National Defense Concept that the government was to consider on April 10, together with an analysis of military threats, reports LETA. Currently the defense budget is approximately 1 percent of GDP.To reach the new concept’s goal, defense spending will have to be increased by 15 million lats (21.4 million euros) every year, National Armed Forces Commander, Major General Raimonds Graube, said.The Defense Ministry’s Politica...
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