Finnish president urges increase in defence procurement

12 June 2014

Finland's President Sauli Niinistö has backed an increase in defence procurement for the country's military, after agreeing that the country lacked the resources for a credible defence.

Speaking to Finnish broadcaster YLE on 9 June, Niinistö said that Finland has "a reasonable level of operational spending, but when it comes to material procurement, we need more."

According to Niinistö, there was "unanimity" in the concern that the country did not have the resources available to the military. However, opposition groups indicated that defence expenditure should remain stable, with procurement funds secured by cutting back on operations and training.

According to IHS Jane's Defence Budgets , procurement accounts for EUR607 million (USD821 million), or 22% of Finland's EUR2.75 billion defence budget.

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