The source of the needs of the defence and security units was increased to 181 billion Turkish liras in 2022.
Vice President Republic of Turkey Fuat Oktay stated in his press release that the resource allocated for the needs of the defence and security departments was 139.7 billion Turkish Liras in 2021.
According to Hurriyet(A newspaper published in Turkey), the budget for Defence and Security in 2022 has been increased compared to 2021. In 2022, it was increased by 29.6 percent to 181 billion liras (approximately 20 billion dollars at current exchange rates). Republic of Turkey Vice President Fuat Oktay stated that the resource to be transferred to the Defence Industry Support Fund will be 31.3 billion Turkish Liras with an estimated increase of 39 percent.
The Republic of Turkey Vice President Fuat Oktay stated that the rate of indigenousness in the Defence Industry’s has increased from 20 percent to 80 percent. The Republic of Turkey Vice President Fuat Oktay;
“In line with our goal of a fully independent Turkey in the defense industry; While the resources allocated for the needs of defense and security units were 139.7 billion liras in 2021, it increased to 181 billion liras in 2022 with an increase of 29.6 percent. In addition, the resources to be transferred to the Defence Industry Support Fund are projected to be 31.3 billion pounds in 2022, an increase of about 39 percent.”
made his speeches.
