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Şimşek: Defence budget to rise 229% in 2027

Treasury and Finance Minister Mehmet Şimşek said defence spending would be increased by 229% in the 2027 budget.

Şimşek said at the Istanbul Economy Forum at the Istanbul Financial Center that R&D in defence projects exceeded $100 billion, with about 1,400 product development projects under way. He said the 2027 budget would soon be submitted to the Turkish Grand National Assembly (TBMM).

Sources 2 sources

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