Lithuania should allocate more than 2 percent of its gross domestic product for its national defence, the country's new defence minister said on Tuesday.
defence spending
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Should Lithuanian politicians decide to introduce general conscription, preparations would take at least four years and require more funding, experts say.
The Lithuanian Peasant and Greens Union (LPGU) and the Lithuanian Social Democrat Party (LSDP) coalition’s “Harmonious Lithuanian Cabinet” programme project only dedicated its very last comments to foreign and defence policy – 10 pages of 117. While the new government does not propose any earthshatt...
Lithuania's parliament restated its plans to meet the commitment to NATO in terms of raising defence funding and reasserted the importance of strategic partnership with the United States.
Lithuania's new parliament intends to pass a resolution on November 15 on continuity of foreign, security and defence policies, which includes raising the defence funding to 2 percent of the gross domestic product (GDP) by 2018.
Lithuania is to spend 1.79% of its GDP on defence next year, according to the draft budget for 2017. To read this article, try a €5.99 monthly subscription by clicking here.
Lithuania is set to be raised by €150 million in 2017 according to a draft of 2017-2019 state budgets developed by the Finance Ministry.
Lithuania is rapidly approaching its commitment to spend 2 percent of its GDP on defence, said Prime Minister Algirdas Butkevičius.
Over the past few years Lithuania has been buying plenty of new weaponry for its armed forces, but the purchase of ammunition reserves to go with them has not kept pace.
