Posts tagged as Defence-Spending

Lithuania to maintain defence spending despite economic hardship

Tuesday, May 5, 2020

Lithuania will maintain its military spending at 2 percent of GDP despite its shrinking economy, the country’s president has assured NATO’s Secretary General Jens Stoltenberg. “The president has emphasised that even though the [Covid-19] pandemic will affect both the social and economic sectors, it will not change Lithuania’s principled stance on its international obligations,” President Gitanas Nausėda’s office said in a press release after a telephone call between the president…

NATO expects allies to maintain defence spending despite virus

Friday, March 20, 2020

As Europe has become the epicentre of the coronavirus outbreak, NATO is scaling down its military exercises to avoid a further spread but will continue its missions, NATO Secretary-General Jens Stoltenberg told a video news conference on Thursday (19 march). “Some of our exercises have been modified or cancelled … but our forces remain ready,” Stoltenberg told reporters in a first-ever virtual briefing. Before the announcements, Europe was preparing for what…

Is this the end of NATO-era?

By Viktors Domburs on Monday, November 18, 2019

Money is a very powerful tool, which can easily ruin relations. Different views on money spending can ruin even good relations between countries in such huge and powerful organization as NATO. It should be noted that European defence spending will surpass $300 billion a year by 2021, according to new research from Jane’s by IHS Markit. Defense expenditure is a highly sensitive topic in the region. U.S. President Donald Trump…

Lithuania will borrow to reach 2-percent defence spending benchmark

Wednesday, September 11, 2019

Lithuania’s government plans to borrow to meet NATO’s benchmark for 2 percent GDP defence spending, after improving GDP-growth forecast pushes defence spending below the 2-percent threshold. Lithuania had already planned to meet the NATO defence spending benchmark, but “after GDP estimates were raised, we plan to use the planned mechanism to borrow to ensure the 2 percent NATO rate,” Arnoldas Pikžirnis, an adviser to Lithuanian Prime Minister Saulius Skvernelis, told BNS on Wednesday. Specific numbers will…

Social uncertainty weakens Latvia

By Viktors Domburs on Tuesday, January 22, 2019

The latest data of the Central Statistical Bureau (CSB) show that at the beginning of 2018 population of Latvia accounted for 1 million 934 thousand, which is 15.7 thousand people fewer than a year ago. Another survey conducted in 2018 by the CSB, shows that the share of Latvia’s population exposed to the risk of poverty grew by 1.2 percentage points from a year before to 446,000 people. CSB representatives…

NATO appreciates Lithuania’s defence spending as showing example

Tuesday, November 20, 2018

Lithuania’s significant increase in defence spending has been praised by NATO Secretary General Jens Stoltenberg as an example this week. The military alliance wrote in a press release that Stoltenberg hosted Lithuanian prime minister Saulus Skvernelis at NATO headquarters on Monday, November 19, and during a joint press conference thanked for Lithuania’s contributions to the alliance, for instance, in the form of peace keeping missions in Kosovo and Afghanistan. «You…

Parties skeptical of Pro Patria’s plan to increase defence spending to 2.5%

Wednesday, October 10, 2018

As part of its party platform ahead of the 2019 Riigikogu elections, the Pro Patria Party plans to promise increasing defence spending in Estonia from 2.16% to 2.5% of the GDP. Other parties, however, are skeptical of the idea. One key issue on which Pro Patria is to focus ahead of the next elections is defence spending, and Minister of Defence Jüri Luik (Pro Patria) has stated the party’s position…

Estonia no longer NATO darling for defence spending

Monday, July 23, 2018

Estonia has ceased to be a golden child in NATO when it comes to defence expenditures, as in absolute terms, the country’s defence expenditures are really small despite exceeding minimum spending goal of 2% of GDP, daily Postimees reported. According to the paper, member states’ defence expenditures were subject to in-depth scrutiny during a hearing behind closed doors at NATO last year. “Last year was the first time that we…

All NATO member states must allocate 2% for defence before deciding on increasing defence spending

Monday, July 16, 2018

Before a decision is made on increasing defence spending even more, all NATO member states must first reach the two percent of GDP spending level, Finance Minister Dana Reizniece-Ozola told LETA. During this week’s NATO Summit, U.S. President Donald Trump said that NATO member states must reach defence spending levels of four percent of GDP, not just the current recommended level of two percent of GDP. Reizniece-Ozola said that before…

Defence-Spending or worthy life for the Baltics

By Jonas Dringelis on Monday, June 18, 2018

NATO allies have stopped cuts in defence and began to increase the burden-sharing, something U.S. President Donald Trump has repeatedly called for. Defence spending among NATO members is to rise by 3.8 percent in 2018. Announcing specifics at a news conference, NATO Secretary General Jens Stoltenberg said that the burden-sharing “underpins everything that we do.” It was also revealed that 15 of the alliance’s 29 members are on the track…