By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Since Montenegro joined NATO, it has allocated more than 750 Million Euros for Defense
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > WORLD NEWS > Since Montenegro joined NATO, it has allocated more than 750 Million Euros for Defense
WORLD NEWS

Since Montenegro joined NATO, it has allocated more than 750 Million Euros for Defense

Published: June 26, 2024
Share
SHARE

Since 2017 – when it became a member of NATO – Montenegro has allocated more than 750 million euros for defense.

Of that, this year’s budget exceeds 150 million euros.

That amount meets the NATO standard, which stipulates that member states annually allocate at least two percent of gross domestic product (GDP) to defense.

Who are the millions going to – NATO or Montenegro?

Before joining NATO in 2017, opponents of membership, such as Milan Knezevic from the pro-Russian Democratic Front, claimed that membership would cost Montenegro 70 million euros per year.

The Ministry of Defense states that allocations for NATO are still “often misinterpreted”.

As they told, the funds are not diverted to Brussels but remain in Montenegro.

The even distribution of the load

Ten years ago, NATO leaders decided that by this year, 2024, each member should reach a defense allocation of two percent of GDP.

In that period, only three of the then 28 member states allocated more than that amount – the United States (U.S.), Greece and Great Britain.

How Montenegro spends the budget

In addition to the percentage of two percent, NATO recommended that at least 20 percent be set aside for equipment in the budget structure.

The Ministry stated that this year they will allocate 35.7 percent for equipment, RSE writes.

E.Dz.

BiH Ambassador Alkalaj presents diplomatic credentials to the US President
Trump has a Plan to end the War in Ukraine?
Acquitted for the Crime in Strpci seeks more than 140,000 BAM in Compensation
The Slovenian Pavilion at the 61st Venice Biennale Presents the Project “Soundtrack of an Invisible House”
Six complex Cardiac Interventions were successfully performed at KCUS
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article The Commemoration of the Genocide in Srebrenica questionable this Year
Next Article Farmers in the Federation of BiH announced Protests
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

Vucic says He will not attend the Funeral of Convicted War Criminal Ratko Mladic
September 5, 2026
Museum of Islamic Culture and Art opened in Sarajevo
September 5, 2026
Schoolgirl who attacked Peers with a Knife under Police Surveillance
September 5, 2026
EU4ADMIN Project Concludes After Nearly Three Years of Work to Improve BiH’s Official Statistics
September 4, 2026
Red Bull Soapbox Race Brings 40 Homemade Vehicles and a Day of Fun to Sarajevo
September 4, 2026
Puerto Flamenco brings the Authentic Spirit of Spain to Three Cities in BiH
September 4, 2026
Pilots of the Sarajevo Canton MoI: “In the Cockpit, there is no Room for Fatigue, Stress, or Wrong Judgment”
September 4, 2026
“Public Resources are used as Political Capital, and Sanctions are absent”
September 4, 2026
Armed Forces of Bosnia and Herzegovina increased Resources for Firefighting
September 4, 2026
Quick Response 2026: When Readiness Is More Than Words
September 4, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?