Poland plans to increase spending on arms purchases – 2024-07-23 09:57:14

by times news cr

2024-07-23 09:57:14

Poland’s spending on new weapons will grow annually until 2027, when it will reach 73 billion zlotys (about $18.25 billion).

As reported by Day.Az with reference to TASS, this was reported by the portal money.pl.

According to him, in 2024 the government allocated 53 billion zlotys (about $13.25 billion) for new weapons, 12 billion zlotys (about $3 billion) more than in 2023.

The most expensive items for the defense budget will be the purchase of K2PL tanks from South Korea, for which it is planned to spend 67.2 billion zlotys (about $16.8 billion), 96 American AH-64E Apache helicopters, as well as HIMARS multiple launch rocket systems and new Polish-made Borsuk infantry fighting vehicles, the cost of which will be 60 billion zlotys (about $15 billion).

The portal points out that a significant increase in military spending will lead to Poland’s public debt in 2026 amounting to 60.5% of GDP, and in 2027 – 61.3%. In 2023, this figure was equal to less than 50% of Poland’s GDP.

According to the portal’s forecasts, after 2027, budget expenditures on arms purchases will decrease, but will still not fall below the 2023 level.

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