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Monday, July 23, 2018, 

Turkey's defense budget increases by 40 per cent


Ankara, 6 October 2017 (MIA) - Turkey‘s government is increasing its defense budget by 40 per cent for 2018, bringing it to 40.4 billion lira (11.17 billion dollars), the Hurriyet daily reported, citing government fiscal plans.

Turkish government ministers have indicated during the past week that there will be tax hikes to fund new security and defense projects.

Turkey‘s military is engaged in Syria, where it controls territory in the north. It is also weighing further action in parts of its war-torn neighbor. Moreover, the army has stepped up operations against the armed Kurdistan Workers‘ Party (PKK).

The country is also looking to upgrade its military capacities, including through development of weapons domestically.

Ankara recently inked a deal with Russia to buy the S-400 air defense system. lk/16:53



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