For 2017 Lithuania will invest 25.8% more than the National Defence Budget in 2016 11710164

Posted On
Defence & Security News - Lithuania
 
For 2017 Lithuania will invest 25.8% more than the National Defence Budget in 2016.
Draft Law on the Approval of Financial Indicators of the State Budget and Municipal Budgets submitted for consideration at the Government of million, or 1.80 percent of GDP (according to the macroeconomic indicator forecast of the Ministry of Finance, updated on 12 September 2016), which is by EUR 148.3 million or 25.8 percent more than the National Defence Budget 2016.
     
Draft Law on the Approval of Financial Indicators of the State Budget and Municipal Budgets submitted for consideration at the Government of million, or 1.80 percent of GDP (according to the macroeconomic indicator forecast of the Ministry of Finance, updated on 12 September 2016), which is by EUR 148.3 million or 25.8 percent more than the National Defence Budget 2016. Lithuanian soldiers at military exercise (Source Defence Ministry of Lithuania)
     
The budget of the Lithuanian national defence system has been balanced according to NATO requirements for the proportions of expenditure areas since 2015. According to these requirements, funding for personnel cannot exceed 50% and major procurement and upgrade of weaponry and materiel cannot take up less than 20% of the appropriations for the Ministry of National Defence.

Draft budget 2017 proposes allotting around 43% of all appropriations for personnel and around 43% for contracts (investment and other property, weaponry and military equipment, war reserves, strategic, and non-expendable stocks. Around 14% of all appropriations is proposed to be used for running costs.

In 2016 Lithuania allotted EUR 575.2 million or 1.5% of GDP; Lithuania had the fastest increasing annual defence spending among all NATO allies in 2014-2015