Turkey is set to allocate a record-breaking $47 billion for defence and security in the upcoming year, according to a government budget proposal. This budget includes a significant increase in spending for both defence and security, with a focus on supporting the domestic defence industry and addressing regional escalations.
President Erdogan’s government is investing in local arms production, focusing on advanced technologies such as drones, ballistic missiles, and fighter jets. The increased budget will also fund the creation of a “Steel Dome” defence system to safeguard against aerial threats like missiles and drones.
With military operations in various countries and concerns over regional conflicts, Turkey is exploring innovative defence strategies. The government’s proposed tax plan to support the Defence Industry Fund faced backlash and was withdrawn, prompting Ankara to seek alternative funding solutions.
The Defence Minister emphasized the country’s commitment to ongoing defence projects and technological advancements, highlighting the necessity of investing in sophisticated defence systems for national security.
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