Reuters. Turkey will allocate more than $40 billion to its defense budget in 2024, a presentation by a vice president showed, marking a 150% increase from this year's budget, in another move to bolster its defense capabilities.
In 2023, Turkey allocated around $16 billion for defense and security. On Tuesday, Turkey's parliament voted to extend the mandate that allows its security forces to conduct cross-border operations in Syria and Iraq for another two years.
In a presentation on Tuesday, Vice President Cevdet Yilmaz also said the government aimed to almost double defense industry exports to $11 billion from the current $6 billion.
