Parliamentary committee approves defense budget of 58.9 billion crowns

The Parliamentary Defense Committee has recommended the lower house to approve the defense budget for next year, envisaging expenditure of 58.9 billion crowns. The figure is 6.4 billion higher than in the previous year.

The money will allocated for instance for the salaries of new soldiers or for the purchase of ammunition, according to a draft budget presented by the Defense Ministry on Wednesday.

The budget is likely to grow further in the following year to 66.6 billion and in 2020 to 77.3 billion crowns. Despite the increase, the level of spending is expected to reach only 1.35 percent of GDP in 2020, while the current government coalition agreed to ensure that the Czech Republic earmarks 1.4% of GDP by 2020.