US says Bulgaria can pay in instalments for future military acquisitions
The US Department of Defence’s Defence Security Cooperation Agency (DCSA) has written to Bulgaria’s Defence Ministry saying that Bulgaria has been included in the list of countries that will be able to pay in instalments for new military acquisitions.
The letter was the
result of the US Department of Defence’s Foreign Ministry Sales
contracts by which Bulgaria will acquire F-16 fighter jets and other
defence products, the Ministry of Defence in Sofia said on April
8.
It should be borne in mind that DSCA will
apply the option of deferred payment depending on the duration of the
contract and the volume of defence products delivered, the ministry
said.
This will allow the Ministry of Defense to implement a
flexible financing scheme for the acquisition of defence products and
services and reduce the burden on the defence budget in the coming
years.
On August 12 2019, Bulgaria’s Ministry of Defence said that it had transferred to the US the entire amount of $ 1.2 billion under international government procurement contracts to acquire eight F-16 Block 70 aircraft and related equipment and armaments.
