Defence spending is growing with space for more military infrastructure financing

In 2023, Lithuania’s national defence budget will reach 2.52 percent of GDP and even more if a necessity arises to further increase defence spending. The Seimas of Lithuania has passed the State Budget 2023 that enables further enhancement of the national defence capabilities, stated the Ministry of National Defence.

A decision was taken to allow for an increase of defence appropriations in the budget in the course of 2023 up to 3 percent of GDP. Borrowing on behalf of the state is authorised in case the implementation of the military infrastructure projects for ensuring speedy Host Nation Support to NATO Allies in Lithuania requires more funds.