Lithuania's Budget Deficit Is Growing Due to Military Spending
5 Articles
5 Articles
President Gitanas Nausėda says he is not afraid of the government deficit, which is likely to reach about 3.8 percent of gross domestic product (GDP) next year, linking it to defense needs and is pleased with the increase in pensions.
Lithuania's budget deficit is growing due to military spending
Lithuania's budget deficit is growing due to military spending. In 2027, it will exceed the Maastricht criteria and amount to 3.8%, recognized by the President of the Republic of Nauseda. "During the Conservative government, the Defense Ministry's...
Lithuania ' s budget deficit is related to priority defence expenditures, stated the President of the Republic, Gitanas Nauseda
"I believe that the formation of the 2027 budget will very clearly answer and sum up whether we are going down the path of more talks and, I would say, cosmetic retouching, or whether we are still able to make decisions that are necessary here and now for the security of our country, our pensioners, and our society in a broader sense," G. Nausėda said in an interview with the news portal "15min".
President Gitanas Nausėda says he is not afraid of the government deficit, which is likely to reach about 3.8% of gross domestic product (GDP) next year, linking it to defense needs and is pleased with the increase in pensions. On the other hand, the country's leader says that the national defense system is struggling to use funds allocated for defense.
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