Government Seeks To Raise Defense Budget To 2 Percent Of GDP By 2020
April 12 2012
The Latvian government wants to significantly increase defense spending so it reaches 2 percent of gross domestic product (GDP) by 2020, reports the Baltic Course.
The Latvian defense budget is currently at about 1 percent of GDP. Reaching the goal will require spending increases of about US$28 million annually, said Maj. Gen. Raimonds Graube, the armed forces chief.
The goal is part of the Defense Ministry's new national defense concept, which the government reviewed this...
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