Prime Minister Ingrida Šimonytė welcomes the recent initiative of Lithuanian businesses urging politicians to agree on raising defence spending to 4% of gross domestic product (GDP). However, she prefers to keep the ambition realistic and reach consensus on at least 3% of GDP at the start.
Gross domestic product
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Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a year ago to 11.5 billion euros at current prices, the country’s statistics office said on Thursday.