Croatia increases defence budget for 2017

20 December 2016

The Croatian parliament has approved a 9% rise in defence spending in 2017, the first rise in the country's defence spending in six years.

Approved on 15 December, the budget sees spending rise to HRK4.38 billion (USD602 million) from HRK4 billion. This represents a rise from 1.1% of gross domestic product (GDP) to 1.23%.

Although a significant increase, it is effectively a reversal of the country's restrictive 2016 budget passed in March and brings Croatian defence spending back to pre-election levels of early 2015. This 2016 budget reduction proved incompatible with the country's international commitments and brought most of its major modernisation efforts to a standstill.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options:

(129 of 217 words)