Turkey to allocate 150% more to defense budget in 2024-minister. Reuters

October 19, 2023
1 Min Read
Turkey to allocate 150% more to defense budget in 2024-minister. Reuters

Turkey will allocate more than $40 billion to its defense budget in 2024, a presentation by a vice president showed, marking a 150% increase from this year’s budget, in another move to bolster its defense capabilities.

In 2023, Turkey allocated around $16 billion for defense and security. On Tuesday, Turkey’s parliament voted to extend the mandate that allows its security forces to conduct cross-border operations in Syria and Iraq for another two years.

In a presentation on Tuesday, Vice President Cevdet Yilmaz also said the government aimed to almost double defense industry exports to $11 billion from the current $6 billion.

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