Posts tagged as Lithuania’s government plans

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…