In 2018, Latvian government plans to invest €234 million in defence procurement. Most of the funding will be spent on acquisition of military vehicles, ammunition, weapons and personal equipment.
28% of funding available for procurement of equipment will be invested in military vehicles, 15% will be used to purchase ammunition, 13% will be spent on weapons and 8% - on personal equipment.
2018 defence procurement funding consists of long-term liabilities under the existing procurement contracts and funding for purchase of equipment under contracts which will be signed this year. 70% of allocated funding will be spent on implementation of existing contracts.
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Industry's support to soldiers
Latvian defence industry and enterpreneurs alike support National Armed Forces by joining the project to support international operations veterans.
Another important form of support is employers supporting their National Guards.