Finance

Lithuania to allocate 5-6% of GDP for defence in 2026-2030, foreign minister says

Published by Global Banking & Finance Review

Posted on January 17, 2025

1 min read

· Last updated: January 27, 2026

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VILNIUS (Reuters) - Lithuania has committed to allocating 5% to 6% of its GDP for defence between 2026 and 2030, its foreign minister said on Friday. "Difficult times require bold decisions and

Lithuania to Boost Defence Spending to 5-6% of GDP by 2030

VILNIUS (Reuters) - Lithuania has committed to allocating 5% to 6% of its GDP for defence between 2026 and 2030, its foreign minister said on Friday.

"Difficult times require bold decisions and leadership. We call on our allies to follow this lead. The era of passive 'sit-and-wait' strategies is over", Foreign Minister Kestutis Budrys wrote on social media platform X.

(Reporting by Andrius Sytas, editing by Stine Jacobsen and Louise Breusch Rasmussen)

Key Takeaways

  • Lithuania plans to allocate 5-6% of GDP for defence from 2026 to 2030.
  • Foreign Minister Kestutis Budrys announced the decision.
  • The move is a call for allies to adopt proactive defence strategies.
  • The decision reflects a shift from passive defence strategies.
  • The announcement was made on the social media platform X.

Frequently Asked Questions

What is the main topic?
The main topic is Lithuania's decision to allocate 5-6% of its GDP for defence between 2026 and 2030.
Why is Lithuania increasing its defence budget?
Lithuania is increasing its defence budget to demonstrate leadership and encourage allies to adopt proactive defence strategies.
Who announced Lithuania's defence budget increase?
The announcement was made by Lithuania's Foreign Minister, Kestutis Budrys.

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