Record-sized defense budget incoming in 2020
GTS Productions / Shutterstock.com
The Ministry of Defense will have a total budget of HUF 616 billion next year, Parliamentary State Secretary Szilárd Németh announced at a press conference held in the Ministry of Defense, kormany.hu reports.
Photo: GTS Productions / Shutterstock.com
Németh pointed out that defense will be one of the government’s most important tasks also next year, and therefore this year, too, they have created legislation which aims at making the Hungarian Defense Forces one of the region’s most modern and effective armies.
He said the financial resources necessary for the fulfillment of this task are now available, the 2020 defense budget is a record-sized allocation, HUF 103 bln more than the 2019 budget, amounting to HUF 616 bln in total. HUF 216 bln from this sum, meaning more than 30% of the allocation, will have to be used for the development of the Hungarian Defense Forces, the State Secretary informed the press.
At the press conference, Németh denied rumors about the reinstatement of conscription.
"There will be no conscription in Hungary. The personnel of the Hungarian Defense Forces will remain based on the career soldier model and the system of voluntary reservists also in the future. As part of the Zrínyi program, by 2026 we are expecting to have a staff of 30,000 career soldiers and a reservist defense staff of 20,000," he said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.