President: the Budget Is Tight, but We Are Moving in the Right Direction

Lietuvos Radijas ir Televizija

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President Gitanas Nausėda says that next year's draft state budget is tight, but it aims to meet defense ambitions and improve the situation of seniors.

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The government will consider the draft state budget for the coming year at its meeting on Thursday. Next year, it is planned to allocate 5.38 percent of the gross domestic product (GDP) or 4.75 billion euros for national defense financing, part of which will be allocated for defense-related military purchases. It is planned to increase pensions by 12 percent, as well as by 11 percent.