Lithuania to increase defense budget

Discussion in 'Europe' started by Vergennes, Jul 4, 2016.

Share This Page

  1. Vergennes

    Vergennes Captain Staff Member Ret. Military International Mod

    Joined:
    Oct 10, 2015
    Messages:
    399
    Likes Received:
    1,238
    Location:
    France
    [​IMG]
    According to an estimate of the Ministry of Finance, Lithuania intends to increase defense spending by 150 million euros next year, up to 725 million euros, Kauno Diena reported.

    The current Lithuanian military budget is 575 million euros, approximately 1.48% of the country’s GDP. It is expected that next year's defense spending will rise to 725 million euros, or 1.77% of GDP.

    According to Lithuanian Minister of Defense Juozas Olekas, the country plans to spend 2% of GDP on defense in 2018.

    http://uawire.org/news/lithuania-to-increase-defense-budget
     
    AMDR likes this.
Loading...