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Military Spending and National Security: A Balancing Act

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Cyprus’s decision to increase military spending to 2% of GDP would lead to a significant rise in defence expenditure, reaching about €593 million. While aimed at enhancing national security, this move could strain public finances without necessarily bolstering the national guard’s limited capabilities against a fullscale offensive, highlighting the delicate balance between military preparedness and financial sustainability.

1 military spending

Cyprus to Hike Its Military Spending

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Cyprus plans to increase its military spending to 2 percent of its GDP over the next five years in order to modernize its National Guard and improve defense capabilities. This decision is driven by regional geopolitical tensions, a commitment to partnerships, and the need to address security challenges such as cybersecurity and climate change resilience.

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