Record Defence Budget for Turkiye

 Record Defence Budget for Turkiye

 Record Defence Budget for Turkiye

According to World Bank data, Turkiye’s defence budget was $20.6 billion in 2019, breaking a record. However, the budget decreased in 2020 and 2021 due to the COVID-19 outbreak. Turkiye’s defence budget will break the record in TL terms with 388 billion TL in 2023.

Although this corresponds to 21.3 billion dollars, for now, depending on the increase in the dollar exchange rate, the defence budget for 2023 is expected to be between 18 and 20 billion dollars.

Turkiye’s defence budget was 17.4 in 2020 and; 15.4 billion in 2021.

According to the report, in 2023: budget allocations will be.

Defence Ministry 182.7 billion TL,

The General Directorate of Security 116.8 billion TL,

Gendarmerie General Command 76 billion TL,

The MIT Presidency 7.7 billion TL,

Coast Guard Command 4.9 billion TL,

Defence Industry Agency 344.8 million TL,

In addition, there are significant additional increases in the said budget through additional channels such as the Defence Industry Support Fund and the Turkish Armed Forces Foundation revenues.