aA
President Gitanas Nausėda says he is pleased that the Ministry of Finance has supported his proposal to allow raising defence spending through borrowed funds in the revised state budget for 2023. The initial draft budget provided for the borrowed funds to account for up to 2.5 percent of the gross domestic product (GDP), later the ceiling was raised to 3 percent.
President on wider borrowing limits for defence: incident in Poland only proves the need
© Reuters / Scanpix

“I am really happy about the news that finally, after considering all the circumstances, the Finance Ministry has supported our proposal to apply a more flexible formula for defence spending with borrowed funds up to 3 percent of GDP,” the head of state told the LRT broadcast Dienos tema on late Wednesday.

Elta EN
It is forbidden to copy the text of this publication without a written permission from ELTA.
Related articles

Nausėda urges boosting air defence capabilities on NATO’s eastern flank

According to President of Lithuania Gitanas Nausėda, although there is no evidence of Russia’s...

EN Delfi

Lithuania backs Poland's request for NATO Article 4

Poland will ask for consultations under NATO's Article 4 following Tuesday's missile strike, and...

Nausėda on explosion in Poland: each inch of NATO territory must be defended

President Gitanas Nausėda has expressed solidarity with Poland amidst unconfirmed reports of two...

EN Delfi

Army chief on Polish missile strike: hard to be ready to react immediately

It would be difficult for any Western country to be ready to react immediately, Lithuanian Chief of...

Ukraine invites Lithuania to join probe into explosions in Poland

Ukraine’s Ministry of Foreign Affairs has invited Lithuania to join an investigation into recent...

PM says incidents like missile strike in Poland may repeat (1)

Speaking about a missile strike in Poland, which happened close to the Ukrainian border on 15 November...

Contrary to Tomaszewski’s claims about unfair elections, watchdogs did not detect violations

Election watchdogs stress that they did not detect violations in the second round of mayoral elections...

Landsbergis: TS-LKD stronghold lies in major cities

Foreign Minister Gabrielius Landsbergis, chairman of the Homeland Union – Lithuanian Christian...

Liberal Movement asks Seimas to annul election results in Anykščiai and Visaginas

First Deputy Chair of the Liberal Movement Edita Rudelienė has announced that the party addressed...

Zuokas says he is unlikely to run for mayor in 4 years

Former mayor of Vilnius city Artūras Zuokas, who ran for mayor once again with the party Freedom and...

Mayor-elect of Vilnius to negotiate with SocDems and Freedom Party over coalition

Valdas Benkunskas, mayor-elect of Vilnius, has revealed that the Homeland Union-Lithuanian Christian...

Top news

SocDem leader: conservatives suffered defeat in municipal elections

Leader of the Lithuanian Social Democratic Party (LSDP), MEP Vilija Blinkevičiūtė, says the...

Mayor-elect of Vilnius to negotiate with SocDems and Freedom Party over coalition

Valdas Benkunskas, mayor-elect of Vilnius, has revealed that the Homeland Union-Lithuanian Christian...

Landsbergis: TS-LKD stronghold lies in major cities

Foreign Minister Gabrielius Landsbergis, chairman of the Homeland Union – Lithuanian Christian...

LLRA leader outraged by party’s loss in mayoral elections in Vilnius district

MEP Waldemar Tomaszewski, leader of the Electoral Action of Poles in Lithuania-Christian Families...

SocDem Duchnevič elected Vilnius district mayor

Robert Duchnevič, mayoral candidate of the Lithuanian Social Democratic Party (LSDP), sensationally...