Search

We have a number of elections that signal to us directly that if a certain expectation is not met, instead of us, there will be people who not only do not believe in the European Union, but they can simply push us into a completely different agenda. Not to mention the risks associated with flirting with the Kremlin and similar individuals. Finance Minister Taurimas Valys suggests that Lithuania has expressed to the EU commissioners the need to increase the current 1.5% of gross domestic product (GDP) budget deficit exemption for defense spending. #Lietuva #gynyba #biudžetas (translated)

We have a number of elections that signal directly to us that if certain expectations are not met, people who do not believe in the European Union will sit in our place, and they can simply push us into a completely different agenda. Finance Minister Taurimas Valys hints that Lithuania has expressed to the European Commissioners the need to increase the current 1.5% of GDP budget deficit allowance for defense expenditures. #Lietuva #biudžetas #gynimas (translated)

The Lithuanian Minister of Finance, Taurimas Valys, stated that the country aims to increase the budget deficit adjustment for defense spending to 1.5% of GDP in order to ensure proper defense and avoid potential political risks in the future. #Lietuva #biudžetas #gynimas (translated)

Former Minister of Finance, conservative Gintarė Skaistė, says that the Government does not present a "convincing plan" on how the country will return to the 3 percent of GDP limit in the future, and conservatives also suggest setting debt "ceilings." #Biudžetas #Deficitas #Skola (translated)

The former Minister of Finance, conservative Gintarė Skaistė, says that the Government does not present a "convincing plan" on how the country will return to the 3 percent limit of gross domestic product (GDP) in the future, and conservatives also propose to set "ceilings" for debt. #biudžetas #deficitas #skola (translated)

The budget we allocate for our defense exceeds 5 percent, and apparently, in 2027, it will be around 5 percent. While the government plans to allocate no less than 5 percent of the gross domestic product (GDP) for next year's defense funding, as it did last year, President Gitanas Nausėda says that such funding levels should remain in the future regardless of changes in government. #GynybosFinansavimas #BVP #GitanasNausėda (translated)

The criteria for financial discipline are introduced (...) so that countries can maintain their financial stability, be positively assessed in international markets, and, of course, the increasing deficit raises concerns. After the government approved the draft state and municipal budget for next year, which will have a deficit of 3.8% of the gross domestic product (GDP), Andrius Kubilius, a member of the European Commission responsible for defense and space, says that this raises concerns. #valstybėsskola #biudžetas #ekonomika (translated)

According to current projections, in 2029, the debt will reach about 54 percent of GDP (gross domestic product - BNS). "This is a significant increase. A large part of it is due to the decision to rapidly develop defense capabilities, but the costs of their development and subsequent maintenance differ. Once the largest acquisitions and infrastructure works are completed, the need for initial investments will decrease. Along with stable revenues and economic growth, this would create conditions to reduce the debt-to-GDP ratio after 2030," T. Valys said at a press conference on Friday. #valstybėsskola #biudžetas #ekonomika (translated)

Yes, you know, there is a possibility of what kind of weaponry we will develop. Minister of National Defence Robertas Kaunas says that the lower defense budget in percentage terms compared to last year will not affect the timeline for the development of the division, but it may change the nature of the purchased weaponry. #Gynyba #BVP #Divizija (translated)

The Minister of National Defense, Robertas Kaunas, confirmed that the timeline for the development of the Lithuanian division remains unchanged until 2030, despite the reduced defense budget, but the nature of the weapons being procured may change due to industrial delivery capabilities. #Gynyba #BVP #Divizija (translated)

The government approved next year's budget projects, which foresee higher expenditures for defense and salaries, but predicts that the deficit will exceed the Maastricht criteria, so the public sector debt is expected to reach 48.2% of GDP. #biudžetas #ekonomika #pensijos (translated)

The current geopolitical situation compels us to strengthen the country's defense and security. Being on NATO's eastern flank, we face particular security challenges, making the strengthening of the country's defense an absolute necessity. We plan to allocate one of the largest shares of GDP for defense in Europe. However, even in such circumstances, we cannot forget our people. They live here and now, and their essential needs cannot wait for better times. Therefore, we must see not only numbers but also the people whose lives are affected by our decisions. Caring for people is not just an expense – it is a necessary investment in a strong and resilient state," says Prime Minister Mindaugas Sinkevičius. #biudžetas #gynyba #saugumas (translated)