Turkey announced new tax measures aimed at boosting defense spending, the finance minister said on Thursday.
"The tax raises will be transferred directly to the defense industry fund as the fund is not a part of central government budget," Naci Agbal said in a speech at the Istanbul Financial Summit.
The government on Wednesday announced new tax measures which aim to add 28 billion Turkish liras ($8 billion) to the revenue budget in 2018, in line with the Medium Term Program (MTP). The program targets an annual growth rate of 5.5 percent for 2018-2020, Anadolu Agency reported.
According to the measures, the government will allocate an additional 8 billion Turkish liras ($2.32 billion) of its existing revenues towards defense spending, in order to increase the country’s military power in the region.
Agbal said that the defense industry's share in income and corporate taxes will be increased to 6 percent from the current level of 3.5 percent through the new measure.
"We are working on a legal regulation which will provide basis for allocating part of motor vehicle taxes directly to the fund," Agbal added.
Turkey will reportedly receive the first delivery of Russian S-400 air defense missile systems in minimum two years of time, Ankaras Defense Industries Undersecretary said Monday. Undersecretary for Defense Industries İsmail Demir was quoted as saying by Anadolu Agency during a launch meeting of the Unmanned and Autonomous Land Vehicles Design Contest in Ankara: “We do not want to give a full timetable as we have made certain negotiations to pull the calendar forward, but we can say the delivery will start in a minimum of two years”
Turkey has a signed a $2.5 billion deal with Russia to buy S-400 anti-aircraft missile systems
Pictures showing huge concrete blocks being moved along part of Turkeys border with Iran were published on the website of governors office of the eastern province of Agri. Turkey is building a 144-kilometer ‘security wall to stop cross border movements
Turkey is set to open a military training facility that can train more than 1500 troops in the Somali capital Mogadishu. Somali defense minister Abdirashid Abdullahi Mohamed said that the camp which had been under construction for the last two years will open this September,
Germany has frozen all arms shipment to Turkey, following Ankaras arrest of many human rights activists, including a German national. Berlin issued its travel advisory Thursday for Turkey
A sixth batch of troops from the Turkish Armed Forces (TSK) has reached Qatars capital Doha Wednesday for the support of the struggle with terror and extremism as well as protecting the stability and security in the region. Qatars defense ministry released a Twitter statement Wednesday saying that the group, which went to Qatar under the military cooperation agreement between the two countries, joined the other Turkish forces in Doha and started a mutual mission with the Qatari Armed Forces
The Turkish army is using locally-made vehicles, weapons, and ammunition, including helicopters, howitzers and drones, in their ongoing Operation Syrias Afrin region. T-155 Firtina (Storm), a locally-produced self-propelled howitzer, the T-122 Multiple Barrel Rocket Launcher (MRBL), T-129 ATAK helicopters, with its guided air-to-ground CIRIT rockets are among weapons mobilized for the offensive, pro-government
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