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On Wednesday, the European Commission presented the White Paper for European Defence – Readiness 2030, but Lithuanian Prime Minister Gintautas Paluckas thinks that its only advantage is more leeway to increase defence spending while applying a deficit escape clause.
Tax hikes or sectoral budget cuts are inevitable for Lithuania aiming for the defence spending target set by the State Defence Council (VGT) as no "magic recipe" exists here, says the European commissioner for defence and space.
The National Audit Office will not disclose its findings after auditing defence spending costs over the last few years due to restricted information it has accessed, the top auditor has said, assuring that no major irregularities were found during the audit.
Lithuania will have sufficient financial resources in order to raise its defence spending to 5-6% of GDP in 2026-2030, claims Prime Minister Gintautas Paluckas. According to him, financial institutions, like the European Investment Bank (EIB), are already taking interest in lending to Lithuania.
Prime Minister Gintautas Paluckas has revealed that Lithuania may raise its budget deficit above 3% of GDP and exceed the Maastricht criteria without the European Commission’s approval in order to increase its defence spending.
Lithuania’ economy should grow by up to 4% annually in order to increase people’s incomes, defence spending and to form a national division by 2030, says the president’s economic adviser.
Prime minister-designate Gintautas Paluckas has mentioned the need to revise the state budget for 2025 so that defence spending would stand at 3.5% of GDP.
Minister of National Defence Minister Laurynas Kasčiūnas on Thursday urged NATO Allies to raise the defence spending limit to at least 3% of GDP and to come up with creative solutions in supporting Ukraine’s defence industry, the ministry said in a press release.
Lithuania’s defence spending could rise to 3.5% of gross domestic product (GDP) in next year’s budget, says the chief presidential adviser on economic and social policy.
President Gitanas Nausėda believes that Lithuania’s ambitions to increase defence spending set an example for other NATO countries.
Discussions on long-term sources to fund defence spending will need to continue regardless of results the upcoming general election, says Seimas Speaker Viktorija Čmilytė-Nielsen, suggesting that the defence fund package adopted by the Parliament last week is an „intermediate step“.
The Netherlands is building new coalitions within the EU to compensate for the loss of the UK as the union's main free trade champion, and has found partners in the Baltic States. At the same time, a domestic policy issue involving gas supplies and the Dutch stance on Russia have the potential to pu...
Increase of Lithuania's defense budget should be even, says Prime Minister Saulius Skvernelis, adding that other sectors in need of bigger funding should not be forgotten amid discussions about the need to raise it to 2.5 percent of the gross domestic product (GDP).
Lithuania's defense budget for 2018 should be 2.006 percent of the gross domestic product (GDP), Defense Minister Raimundas Karoblis cited the latest calculations on Tuesday.
Monday marks a year since the first round of Lithuania's parliamentary elections. BNS provides an overview of the key decisions taken by the new parliament, as well as the scandals it faced and the challenges it will still have to cope with.
After Lithuania reaches 2 percent of the gross domestic product (GDP) for defense next year, the defense funding should no longer be increased, with money directed towards reduction of social exclusion, says Gintautas Paluckas, the leader of the Social Democratic Party.
Lithuania will next year join the elite club of NATO member states spending 2 percent of GDP on defense, but Defense Minister Raimundas Karoblis believes that the country should not stop after reaching the target.
Lithuania's defense spending in the future will depend on available budget funds and the needs of its Armed Forces, Viktoras Pranckietis, the speaker of the Seimas, said on Monday, clarifying his position on the matter.
