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Czech Government Approves Budget Increase for Defense Spending in 2024
The Czech government announced an increase in its defense budget by 36 billion Czech korunas (approximately 1.7 billion US dollars), bringing the total to around 7.4 billion dollars, in order to meet NATO’s 2% of GDP target. This comes after allocating 7.4 billion dollars for this year, which is 1.8% of the GDP, as European countries intensify their efforts to boost their defense budgets in response to changing security dynamics.
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