Turkey plans 229% defense spending boost over three years to advance domestic military tech

Live updates

1. 8d ago

   Turkey Announces 229 Percent Defense Spending Increase

   Turkey plans to increase its defense spending by 229 percent over the next three years to advance domestic military technology and boost domestic arms production. Turkish Vice President Cevdet Yilmaz announced the target as part of the Mid-Term Economic Program spanning from 2027 through 2029. The substantial financial expansion aims to transform the nation's defense sector and enhance advanced military technology capabilities. Alongside the defense funding surge, officials adjusted broader economic projections, including a higher inflation forecast and long-term economic growth targets.

   Why it matters

   The defense spending boost is tied to a medium-term economic roadmap that outlines slower disinflation paths and specific targets for gross domestic product growth through 2029. Regional conflicts have pushed economic and inflation outlooks higher, with inflation now forecasted at 28.4 percent. The strategy also incorporates labor participation measures such as child care and flexible work.

   What is confirmed

   • Turkey has announced a plan to increase its defense budget by 229% within the framework of the Mid-Term Economic Program for the period 2027 to 2029.
   • Turkish Vice President Cevdet Yilmaz announced that Ankara will be raising defense spending by 229% as a cumulative three-year target to reach in 2029.
   • The defense spending increase is designed to boost domestic arms production and advanced military technology.

   Still unconfirmed

   • Turkey hiked its inflation forecast to 28.4% as war pushes the outlook higher.

   What to watch next

   • Implementation milestones and budget allocations for the 2027-2029 Mid-Term Economic Program
   • Developments in domestic arms production and advanced military technology projects
   Sources used for this update (9)

   1. news.laodong.vn — Turkey increases defense spending by 229% in the next 3 years
   2. The Jerusalem Post — Turkey plans 229% defense spending boost over three years to advance domestic military tech
   3. Euronews.com — Turkey hikes inflation forecast to 28.4% as war pushes outlook higher
   4. Investing.com — Turkey forecasts GDP growth to reach 5% by 2029
   5. Daily Sabah — Türkiye plans child care, flexible work to boost labor participation
   6. ING Think — Turkey’s medium-term plan signals slower disinflation path in 2027
   7. news.ssbcrack.com — Turkey to Boost Defense Spending by 229% Over Three Years to Enhance Military Technology
   8. anewz.tv — Türkiye plans 229% defence-spending increase to boost arms production
   9. defence24.com — Türkiye raises defence spending by 229%
   confidence 100%