Lithuania becomes the first state in the North Atlantic Alliance to exceed the threshold of 5% of GDP for defense investments, according to the agreement reached by NATO leaders last year. The Foreign Ministry in Vilnius stated that the country plans to allocate 5.38% of the gross domestic product to the military budget for the current year, an amount equivalent to almost 4.8 billion euros, reports IPN.
According to the Lithuanian Minister of Defense, Robertas Kaunas, the national security strategy is based on two fundamental pillars: the development of national capabilities and collective defense within NATO. He emphasized the importance of own investments as a condition for the support of allies.
Through this budget allocation for the current year, the Baltic state aims, in addition to modernizing the army, to discourage any potential aggression in the region.