Military budget of RSD 160 billion to be invested in equipment and defense industry
BizLife 10.01.2023 | Beta
The budget of the Ministry of Defence of Serbia for 2023 amounts to RSD 160 billion and it provides for funds for further equipping of the army and investments in the defence industry, said Minister Milos Vucevic.
Vucevic told Pink TV that, thanks to this, the Serbian Army would be able to rely on military equipment and weapons designed and produced by domestic experts from military institutes and the defence industry. “This year, we expect new purchases of equipment and weapons, as well as deliveries of what we previously contracted and paid for,” Vucevic said. The priorities include the continuation of modernization and equipping and increasing the operational capacity of