Lithuania plans to increase its defense budget dramatically towards the end of the decade.
12:53•Updated 13:06
Lithuania plans to spend 5–6 percent of the gross domestic product on defense annually in the years 2026–2030.
The increase in the defense budget will start in 2026. In the current year, Lithuania’s defense budget is more than three percent of BTK.
According to the Lithuanian public broadcasting company LRT the president of Lithuania said about it Gitanas Nausėdawho wants to avoid raising taxes while increasing the defense budget.
According to the president, the goal is mainly achieved by cutting debt and other public sector expenses.
Story corrected 17.1.2025 Contrary to what was originally stated in the story, Lithuania does not intend to increase its defense budget by a certain year, but will keep the defense budget at the announced level in the years 2026–2030.