Turkiye's defense and security spending budget of 111 billion USD by 2029

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Turkiye 's goal is to reach a defense and security spending budget of 7.7 trillion TL (111 billion USD) by 2029 and enter the world's top 10 countries


Yesterday, the 2027-2029 Medium-Term Program (MTP), which also defines Turkiye's targets up to 2029, was announced. (Image 1)

Turkey, as stated by the President at the NATO Leaders' Summit held in Ankara in July 2026, if it is to meet the 5% commitment given to NATO before 2030, in this case the 2029 defense budget could exceed 111 billion USD

1)Basic defense expenditures (GDPx3.5%): 5.36 trillion TL (77.88 billion USD)

2)Defense and security support expenditures (GDPx1.5%): 2.3 trillion TL (33.37 billion USD)

3)Total (GDPx5%): 7.66 trillion TL (111.25 billion USD)






Israeli Jerusalem Post
Turkiye raises defense spending by 229%, aiming to develop own technologies

Turkey to boost defense spending by 229% in three-year technology push | The Jerusalem Post

The plan was announced during a presentation of Turkey’s new Medium-Term Program (MTP), which sets out the country’s economic roadmap for 2027-2029.

www.jpost.com

 

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2026 Budget Base: Turkiye's defense and security budget for 2026 is allocated at approximately 2.155 trillion Turkish Lira (approximately 51.4 billion Dollars)


2029 Projection: With a massive 229% budget growth planned over three years under the Medium-Term Program, defense and security spending is projected to reach levels exceeding $111 billion annually or in total by 2029


Turkiye 's goal is to reach a defense and security spending budget of 7.7 trillion TL (111 billion USD) by 2029 and enter the world's top 10 countries

USA
China
Russia
Germany
India
Turkiye
The UK
France
S.Arabia

 

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This budget increase and additional resources aim to reduce Türkiye's dependence on foreign sources while accelerating the mass production and delivery processes of the following critical defense projects.


KAAN 5th gen Fighter Jet
KIZILELMA and ANKA-3 unmanned stealth Fighter Jets
STEEL DOME Air Defense Umbrella ( total of $24 billion )
300 m MUGEM Aircraft Carrier
4 TF-2000 class Destroyers
8 MILDEN class AIP Submarines
New Frigates
ALTAY Tanks
ASOJ-23A stand off Jammer Aircraft
ALP-200 airborne early warning Radar System
ALP-500G and ALP-600G long range early warning AESA Radars
GOKBORA and GOKHAN ramjet powered long range air to air Missiles
Supersonic and hypersonic Cruise Missiles
Hypersonic MRBMs TAYFUN Block4 and CENK
etc

 

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Actually, this shouldn't be considered in dollar terms

Because Turkiye is not a country like X Country that buys almost everything from abroad; on the contrary, Turkiye is a country that produces its own weapons more cheaply

only one example :
X Country buys American HARPOON anti-ship Missile for $1,2-1,4 million per unit
Turkiye produce its own ATMACA anti-ship Missile for less than $500.000

So, Turkiye's defense budget will be minimum three times larger than Saudi Arabia's in cumulative value


Turkiye to cover whole Turkiye for $24 billion ( STEEL DOME air defense umbrella )
If Turkiye had purchased this from abroad, it would have had to pay at least $75 billion USD