Hungary Defence & Security Report 2013 - New Market Research Report
Hungary's centre-right government has spent 2012 reiterating its desire to modernise and upgrade ageing military assets and equipment, while remaining significantly constrained in budget. The government also offered ongoing resistance to foreign financial support from the EU or International Monetary Fund (IMF), further constraining its capacity to overhaul its armed forces. Nonetheless, BMI expects defence expenditure to increase by 8.69% (in dollars) to HUF371.12bn (US$1.72bn), or 2.46% of total government spending, in 2013.
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