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Turkey targets 30% hike in military spending next year

Turkey expects the public to fund a huge increase in military expenditures through new direct tax hikes and price increases.

Turkey plans to boost its military spending significantly next year, according to preliminary budget figures revealed this week.

Turkey is currently the world's 18th-largest military spender, with an estimated 2016 outlay of $14.8 billion, according to Stockholm International Peace Research Institute’s (SIPRI) Fact Sheet, which was released in April. SIPRI notes the figure is an estimate because, since the attempted military coup in July 2016, detailed data has become difficult to obtain.

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