Lithuania’s defence budget to grow steadily in future – PM

“Of course, we will raise the funding of the Armed Forces at a steady rate. As to by how much, we will see when forecasts for the 2019 budget are made,” he told reporters.

The prime minister underlined that the defence budget’s growth would depend on the country’s economic growth.

“When revenue, the economy does not grow, it is very difficult to single out one area, even though it is a priority one,” Skvernelis said.

Related Post

He added that the budget would not be “drastically cut” or left “absolutely stagnant”, as it had been in the past.

Under the draft 2018 budget, Lithuania’s defence budget is set to increase by 149.2 million euros next year compared with this year to reach 873 million euros, or 2.06 percent of GDP.

Share

Recent Posts

  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

2 days ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

1 week ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 weeks ago
  • Defence

In the assessment of NATO’s readiness for war with Russia, there is also a warning about the Baltic states: what is the Kremlin’s wild card?

According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…

2 weeks ago
  • Tribune

The Citus projects: The Kaip Niujorke by CITUS project continues – the spirit of New York unfolds in Vilnius, and the second phase is launching

In September, Citus – a creative real estate projects’ development and placemaking company – began…

2 weeks ago
  • Latest

These parties will enter the Seimas for the third time in a row. How many votes did they lose, and how many did they gain?

As various parties emerge, disappear or reorganize themselves in the political space, the Lithuanian Social…

3 weeks ago