Lithuanian defence budget to rise to 1% GDP in 2015

“We are talking about the next year’s budget. We believe and the government has agreed that we should reach 1 percent GDP. That would stand at over 1.3 billion,” the minister Juozas Olekas told journalists.

Lithuania is increasing defence expenditure in response to Russia’s aggression in Ukraine.

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NATO countries are committed to spend 2 percent of their GDP on defence but the majority spend less. Lithuania comes next-to-last in terms of defence spending among NATO countries.

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