No, they're not properly equipped. They are doing the best with what they have. They have Leopard 2 tanks. They now have a nascent air defence system for short range, but none for medium or long. They don't have an exhaustive drone suite. They don't have the articulated and dispersed command and control architectures that a modern soldier needs to survive in the battlefield. I could go on.
The armed forces are doing the best with what they have, but there's a lack of defence acquisition or willingness of this government to spend money on the troops.