VILNIUS - European Commissioner for Defence and Space Andrius Kubilius says Lithuania will remain among Europe's leading defence spenders next year, when it plans to allocate 5 percent of gross domestic product to defence.
"It (the defence budget - BNS) is substantial, and Lithuania remains among the leaders in terms of the share of gross domestic product allocated to defence. Of course, the threats are significant, and investment in defence by both Lithuania and other countries is essential," Kubilius told journalists in Vilnius.
He made the remarks after the government approved next year's draft state budget, which earmarks more than 4.8 billion euros, or 5 percent of gross domestic product, for defence. The total includes allocations for the Ministry of National Defence and the State Defence Fund, which is set to receive more than 896 million euros.
According to Kubilius, Lithuania must decide for itself whether its current efforts are sufficient or more is needed, while the European Union is seeking to help member states in various ways.
"Both through financial support and SAFE loans. We are now considering the budget for the next seven years. Lithuania may have a lot to do during its presidency of the European Union. We are also developing various new projects, such as a joint project to protect the EU's eastern border. So a lot is being done, but even more needs to be done," Kubilius said.
Next year, Lithuania's defence budget will increase by almost 35 million euros. This year, defence spending accounted for 5.38 percent of gross domestic product, compared with the 5 percent planned for next year.
The State Defence Council has decided to allocate 5-6 percent of gross domestic product to defence in 2026-2030. The high level of funding is linked to plans to develop an army division and prepare to host a German brigade in Lithuania.
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