Loader
Advertisement

Lithuania to ramp up military spending, PM says

Lithuania to ramp up military spending, PM says
Lithuania to ramp up military spending, PM says Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on
Share Comments Add Euronews on Google
Share Close Button

VILNIUS - Lithuanian political parties have agreed to support a government proposal to increase defence spending in 2022 to more than 2.5% of gross domestic product (GDP), Prime Minister Ingrida Simonyte said on Monday.

ADVERTISEMENT
ADVERTISEMENT

"This will give us resources for purchases which are now moved forward due to the changing situation," Simonyte told a news conference.

Lithuania's original plan was to spend 1.2 billion euros ($1.31 billion) in 2022, corresponding to 2.05% of GDP.

($1 = 0.9158 euros)

Go to accessibility shortcuts
Share Comments Add Euronews on Google

Read more

Qatar sees 'positive' signs in Iran-Oman talks on reopening Hormuz

Russia launches massive overnight barrage on Ukraine, leaving nine dead

Oil prices and US bond yields rise as Trump and Iran trade reparations demands