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Lithuanian government asks MPs to allow it to borrow funds for defence spending target

  • 2018-09-26
The Lithuanian government has asked the parliament to allow it to borrow funds to increase defence funding and thus meet NATO's 2 per cent of GDP spending target. A bill giving the go-ahead for the Finance Ministry to use borrowed funds to finance NATO-related financial commitments passed the first reading on Tuesday and will require two more readings to be adopted. It was said when the 2018 budget was being planned that Lithuania's defence spending would reach 2.006 per cent of GDP, but the rate might be lower because of the country's faster-than-expected growth. According to a...
 
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