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Defence Minister: Coronavirus Economic Crisis Will Not Affect Budget for Armed Forces' Modernization

Defence Minister  Krassimir Karakachanov said the economic crisis caused by the coronavirus would not affect the budget for the armed forces' modernization. He was talking about the purchase of two multi-role patrol ships for the Navy, the upgrade of T-72 tanks and the planned repairs of some of the missile systems.

Negotiations with contractors could not be held for two and a half months, which has delayed work on the projects, said the Defence Minister.

Karakachanov presented the new shoulder boards to service people  from the Georgi Benkovski Higher Air Force School on Monday.

There is no official decision on expenditure cuts due to the expected decrease in budget revenues. Parliament updated the State budget to make possible borrowing of up to 10 billion leva. In addition, the 2020 State Budget Act was revised to ovide financing for the government's 60/40 job retention programme.


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