Lithuanian President touts 5% of GDP on defence in 'coming years'
Lithuanian President touts 5% of GDP on defence in 'coming years'
Cikk tartalma röviden
Lithuanian President Gitanas Nausėda announced plans to increase Lithuania's defense spending to 5% of GDP, emphasizing the need for national and pan-European decisions. Lithuania currently spends about 3.2% of its GDP on defense, exceeding NATO's 2% target. The discussion on defense spending has gained urgency since Russia's invasion of Ukraine, with calls for increased budgets from various EU and NATO leaders. The European Commission estimates a need for an additional €500 billion for Europe's defense industry over the next decade.
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