Defence budget up by 6.3% amid challenges
The federal government proposed a 6.3% increase in the defence budget as the country faces multiple internal and external challenges.
Source: tribune.com.pk
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Govt wants to freeze expenditures
Finance ministry proposes ceilings on expenses of most ministries in next budget
Source: tribune.com.pk
Hungarian Armed Forces Get EUR 349 Million for Developments
Hungarian Armed Forces Get EUR 349 Million for Developments Norway is providing Hungary with 348.5 million euros of financing with a view to strengthening Hungary’s combat defence capabilities through Export Credit Norway (ECN) and the Norwegian Export Credit Guarantee Agency (GIEK), the Ministry of Finance said on Wednesday. The credit is tied to the 410 million euro NASAMS contract concluded by Hungary and Norwegian supplier Kongsberg Defense and Aerospace AS last November. The financing is cheap and will help to keep the public debt curve favorable while giving the country broader debt-m...
Source: hungarytoday.hu