Latvia to Boost Defense Spending to 5% of GDP Starting Next Year

Digi 24

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Latvia will increase its defense spending to at least 4% of gross domestic product (GDP) in 2026 and the increase will continue to 5% in the following years, the government in Riga announced on Wednesday, Reuters reports.

Spiegel

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Latvia sees Putin's war of aggression against Ukraine as a direct threat to its own country. Riga therefore increases its defence spending. Denmark, too, seems to want to upgrade massively.

vz.lt

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Latvia's defence budget will be increased to 4% of gross domestic product (GDP) next year and 5% of GDP in subsequent years, Prime Minister Evika Silina and Defence Minister Andris Sprūdas told reporters on Tuesday after a government meeting.

Heti Világgazdaság

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Currently, 3.45 percent of GDP is spent on defense.

dagsavisen.no

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Latvia vil bruke 5 prosent av BNP på forsvaret

Latvia varsler opprustning og vil på sikt bruke 5 prosent av landets bruttonasjonalprodukt (BNP) på forsvaret, opplyser regjeringen.

Europe Says

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Latvia to Boost Defense Spending to 5% of GDP Starting Next Year

Latvia will allocate at least 4% of its GDP to defense starting next year, and in the following…