Bulgaria Defense Market Data 2026-2035: Budget Allocations, Fleet Size, Program Forecasts | Bulgaria Focusing on Modernizing Armed Forces for NATO Operations, Heightened by Geopolitical Tensions

Bulgaria's defense budget reached $2.9 billion in 2026 with a projected CAGR of 6.5% through 2031, reaching $4 billion. The country is modernizing its armed forces for NATO operations through major procurement initiatives including F-16C/D aircraft, Stryker armored vehicles, and MMPV 90 frigates, driven by geopolitical tensions and the Russian invasion of Ukraine.