By increasing the fiscal deficit, we want to reduce the security deficit. In other words, security costs the country's defense," said President Gitanas Nausėda. #biudžetas #finansai #saugumas (translated)
The Lithuanian government, having approved next year's budget, acknowledged that it has a billion-euro hole due to increasing expenses for defense and social benefits, and Finance Minister Taurimas Valys warned that in other countries the budget deficit will be even larger. #biudžetas #finansai #saugumas (translated)
Finance Minister Taurimas Valys says that Lithuania is asking the European Commission to increase the current defense exemption. #biudžetas #gynyba #deficitas (translated)
Lithuania is asking the European Commission to increase the defense budget deficit adjustment so that part of defense spending is not counted towards the overall deficit until 2028. #biudžetas #gynyba #deficitas (translated)
Ukrainian air defense successfully shot down several Russian missiles and hundreds of drones. (translated)
"The strategy of Ukraine to make Russia feel the results of the war on its territory, in my opinion, is wise and prudent." Andrius Kubilius, a member of the European Commission responsible for defense and space, says that Kyiv's strategy of making the Kremlin feel the results of the war on its territory is wise and prudent as Ukraine continues to strike data centers located in Russia. #Ukraina #Rusija #karas (translated)
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)
Finance Minister Taurimas Valys stated that Lithuania aims to increase the current 1.5% budget deficit exemption for defense spending by 2028 in order to ensure appropriate funding and a corresponding level within the European Union. #Lietuva #gynyba #biudžetas (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)
Ukrainian President Volodymyr Zelensky is requesting an additional 70 billion euros from the European Union to ensure the country's defense and economic stability. #Ukraina #EuroposSąjunga #Zelenskis (translated)
Lithuanian President Gitanas Nausėda says that a larger budget deficit is necessary now. #GitanasNausėda #biudžetas #gynyba (translated)
Lithuanian President Gitanas Nausėda insists that a larger budget deficit is necessary for strengthening the country's defense. #GitanasNausėda #biudžetas #gynyba (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)
I believe that the budget aligns with the logic that we have communicated many times: it is a security budget intended for our defense and public safety. Prime Minister Mindaugas Sinkevičius states that the government's approved draft of the 2027 state budget aims to balance the growing funding needs for defense and commitments to residents. #Gynyba #Biudžetas #VisuomenėsPoreikiai (translated)
Prime Minister Mindaugas Sinkevičius emphasizes that the 2027 budget will aim to balance defense funding with societal needs, including seniors and public sector workers. #Gynyba #Biudžetas #VisuomenėsPoreikiai (translated)
The Prime Minister emphasized that although funding for defense is important, the needs of the society must also be properly addressed and not left in the background. (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)
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)
"In 2024, it seems... I took the numbers. 2024 - 51 percent, 2023 - 50 percent," said former Minister of National Defence Dovilė Šakalienė. #Gynyba #KraštoApsauga #Biudžetas (translated)
