Romania To Increase Defence Spending To 2.5 Percent Of GDP: President
BUCHAREST, Oct 26 (NNN-XINHUA) – Romanian President, Klaus Iohannis, reiterated yesterday, his country’s intention to increase defence spending by 0.5 percentage point, to 2.5 percent of gross domestic product (GDP) in 2023.
The aim is “to increase the Army’s ability to carry out its entrusted missions, and thus give Romania even more credibility in playing its part as a regional security pillar,” Iohannis said, at a ceremony marking Romanian Armed Forces Day.