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)








