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2014.03.04 11:41

Tensions in Ukraine prompt calls for increased defence spending in Lithuania

BNS 2014.03.04 11:41

BNS  Russia’s aggression against Ukraine has prompted discussions in Lithuania about the need to increase national defence spending at a more rapid pace, with some politicians calling for allocating more money for national defence purposes this year, the business daily ‘Verslo žinios’ reported on Tuesday.

BNS 

Russia’s aggression against Ukraine has prompted discussions in Lithuania about the need to increase national defence spending at a more rapid pace, with some politicians calling for allocating more money for national defence purposes this year, the business daily ‘Verslo žinios’ reported on Tuesday.

“We have a commitment to NATO to seek to increase our defence financing to two per cent [of GDP], but now we have only around 0.8 per cent. We have to stick to our commitment,” Benediktas Juodka, chairman of the Seimas’ Committee on Foreign Affairs, was quoted as saying.

This year’s state budget earmarks 981 million litas (EUR 284.3 million) for national defence, 56 million litas more than last year. It is planned preliminary that next year defence spending will be close to 1.1 billion litas and will account for almost 0.9 per cent of GDP.

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