Monday, June 5, 2023
  • About us
    • Write for us
    • Disclaimer
    • Terms of use
    • Privacy Policy
  • RSS Feeds
  • Advertise with us
  • Contact us
DefenceTalk
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports
No Result
View All Result
DefenceTalk
No Result
View All Result

Lithuania hikes defence budget to meet NATO target

by Agence France-Presse
October 14, 2017
in Defense Geopolitics News
1 min read
0
NATO Defense Ministers Focusing on Boosting Spending
14
VIEWS

Lithuania said Wednesday it would raise its defence spending to 2 percent of gross domestic product (GDP) next year to meet a NATO target amid security concerns over neighbouring Russia.

The government of the Baltic state formally endorsed a rise from the current 1.8 percent of GDP to 2.006 percent for 2018.

“In the light of the current global security situation, it is important that each NATO member demonstrates its commitment to the Alliance and meets the defence spending target,” Defence Minister Raimundas Karoblis told AFP.

Under the 2018 draft budget widely expected to be approved by parliament later this year, defence spending will reach 872 million euros ($1 billion) in the eurozone nation of 2.8 million people.

“For the first time in history we will meet our NATO obligations,” said Prime Minister Saulius Skvernelis.

US President Donald Trump has laid on the pressure for European NATO allies to hike their defence budgets, saying they do not pay enough for their security.

Lithuania is expected to be among only eight NATO allies to meet the benchmark next year, alongside the United States, Greece, Britain, Poland, Romania, and fellow Baltic states Latvia and Estonia.

Karoblis said his “main priorities include the modernisation of Lithuanian armed forces, investment in modern defensive weaponry, infrastructure development and increasing military staff.”

Earlier this year, NATO sent around 1,000 troops each to Estonia, Latvia, Lithuania and Poland to reassure its eastern flank where officials have been unsettled by Russia’s actions in Ukraine and Syria.

Under the draft budget, Lithuania expects to run a surplus of 0.6 percent of national output in 2018.

Tags: budgetdefence budgeteuropeLithuaniaNATO
Previous Post

Moscow says US ‘pretending’ to fight IS in Iraq

Next Post

Canada threatens to scrap arms buy as trade talks get off to rough start

Related Posts

china third aircraft carrier PLAN

China sends warships and aircraft around Taiwan for second day

April 8, 2023

China sent warships and aircraft near Taiwan for a second day on Friday and insisted the island remains "an inseparable...

Japan defence ministry seeks $50 billion budget

Japan changes rules to allow aid to foreign militaries

April 6, 2023

Japan will begin offering aid to the militaries of "like-minded countries" under new rules announced Wednesday, as Tokyo builds a...

Next Post
Canada Unveils New Defence Policy

Canada threatens to scrap arms buy as trade talks get off to rough start

Latest Defense News

China made third-largest air incursion this year, says Taiwan

China would gain swift air superiority over Taiwan, US leaks show

April 19, 2023
china third aircraft carrier PLAN

China sends warships and aircraft around Taiwan for second day

April 8, 2023
Japan defence ministry seeks $50 billion budget

Japan changes rules to allow aid to foreign militaries

April 6, 2023
Trump order targets Chinese internet giants TikTok, WeChat

TikTok hit with UK fine, Australia government ban

April 6, 2023
Finland gears up for historic NATO decision

Long NATO delay spells trouble for Sweden and alliance: experts

April 6, 2023
Russia says fired anti-ship missiles at mock target in Sea of Japan

Russia says fired anti-ship missiles at mock target in Sea of Japan

March 28, 2023

Defense Forum Discussions

  • NZDF General discussion thread
  • General Aviation Thread
  • The Russian-Ukrainian War Thread
  • Royal Australian Navy Discussions and Updates 2.0
  • Australian Army Discussions and Updates
  • Royal Netherlands Navy
  • International Army News Thread
  • US Navy News and updates
  • Royal Canadian Navy Discussions and updates
  • China - Geostrategic & Geopolitical.
DefenceTalk

© 2003-2020 DefenceTalk.com

Navigate Site

  • Defence Forum
  • Military Photos
  • RSS Feeds
  • About us
  • Advertise with us
  • Contact us

Follow Us

No Result
View All Result
  • Home
  • Defense News
    • Defense & Geopolitics News
    • War Conflicts News
    • Army News
    • Air Force News
    • Navy News
    • Missiles Systems News
    • Nuclear Weapons
    • Defense Technology
    • Cybersecurity News
  • Military Photos
  • Defense Forum
  • Military Videos
  • Military Weapon Systems
    • Weapon Systems
    • Reports

© 2003-2020 DefenceTalk.com