Posts tagged as defense spending

Lithuania’s president sees chances to implement parties’ deal on 2.5 % defense spending

Friday, July 10, 2020

Lithuania’s President Gitanas Nauseda sees chances of implementing the consensus of political parties on the raising of defense spending to 2.5 % of GDP by 2030, but admits that it will be difficult, writes LETA/BNS. Some of the parties had not signed the respective agreement, the president said adding that he had been assured that those parties would approve of increased defense spending if it was accompanied by increased spending,…

Lithuanians ask for salaries, but get tanks

By Vairis Godmanis on Thursday, January 23, 2020

The Lithuanian government recognized that high defense spending and a huge military budget are the main problem of the lack of money in the country. By 2030, defense spending will reach 2.5% of GDP. Today it already make up a little more than 2%, but most likely the authorities thought about the priorities. In 2018, all parliamentary parties signed a collective agreement – the defense system needs to be subsidized,…

Parties’ defense spending deal in Lithuania not being implemented

Friday, October 18, 2019

An agreement that Lithuania’s parliamentary parties signed a year ago to set out the country’s defense policy for the next decade is not being implemented, the leader of the biggest opposition party said on Thursday. Gabrielius Landsbergis, the leader of the conservative Homeland Union–Lithuanian Christian Democrats, spoke to reporters after a meeting between his party’s MPs and Defense Minister Raimundas Karoblis. “The minister confirmed that the defense (policy) agreement that…

The Lithuanian President: we commit to increasing our defense spending

Friday, September 6, 2019

During the visit to Brussels, the President met with NATO Secretary General Jens Stoltenberg to discuss the security situation and challenges in the Baltic region, international security and defense issues. The President informed NATO Secretary General of Lithuania’s plans to continue to increase defense funding. “NATO has always been the safeguard of Lithuania’s security and defense. We are grateful for the commitment of the allies to defend and protect Lithuania…

By joining NATO, Ukraine will reduce defense spending

Monday, March 25, 2019

President of Ukraine Petro Poroshenko has said that by joining NATO, the country could potentially reduce spending on the defense and security sector from the current 6% of GDP to 2% of GDP envisaged for members of the Alliance, improve the security situation in the state, and stop the deaths of Ukrainians in the Donbas conflict. “Due to the aggression, Ukraine is now forced to spend 6% of GDP on…

Baltic countries among 7 NATO members that hit defense spending target in 2018

Thursday, March 14, 2019

Seven of 29 NATO countries, including the Baltic countries of Estonia, Latvia and Lithuania, hit the alliance’s defense spending target in 2018, AFP news agency reported. Apart from the United States, six members hit the target of spending two percent of GDP on defense in 2018: Britain, Estonia, Greece, Latvia, Lithuania and Poland. US President Donald Trump has repeatedly railed against European alliance members for not spending enough on their…

Additional EUR 1.98 mln earmarked in Latvia’s 2019 budget to meet defense spending target

Friday, February 8, 2019

Extra EUR 1.98 mln will be earmarked in Latvia’s 2019 budget to ensure that the Defense Ministry’s budget expenditures reach 2% of GDP, the government decided Thursday. Although the government is expected to take the final decision on this year’s budget expenditures on Friday, February 8, some decisions regarding budget expenditures were made already today. At today’s Cabinet meeting, ministers heard that the Finance Ministry would propose draft amendments to…

Report suggests Germany may miss defense spending target

Wednesday, February 6, 2019

Germany’s tightening public finances are raising questions over whether the country will miss its military spending target at a time when the U.S. is increasing pressure on its European allies to increase defense budgets. A Finance Ministry document circulated to other ministries for discussion suggests defense spending won’t increase sufficiently to meet targets amid a projected budget shortfall of 24.7 billion euros ($28.3 billion) through 2023, the dpa news agency…

Germany misses key NATO defense spending deadline

Wednesday, February 6, 2019

Germany has missed a deadline for reporting to NATO how it will increase defense expenditures, failing to deliver on a key priority for the Trump administration. Under pressure from the White House, NATO states that don’t meet spending guidelines are now required to formulate national plans for boosting their defense budgets. The objective is to ensure all alliance members hit the NATO benchmark of dedicating 2 percent of GDP to…

NATO chief says Trump’s funding gripes having ‘real results’

Tuesday, January 29, 2019

NATO Secretary General Jens Stoltenberg said Sunday that US President Donald Trump’s regular complaints about the alliance had not undermined it — adding that his criticism on defense spending was having a positive impact. Trump has frequently blasted members of the 29-nation western security partnership for not paying more into their national defense budgets, the AFP news agency reports. Before taking office, he called NATO “obsolete” and recent media reports…