Market
What will be the main reason cited by Lithuania for defense budget increase by mid-2025?
2
Resolution / Starting Odds
Russian threat • 25%
NATO commitments • 25%
Internal political pressure • 25%
Other • 25%
Official statements or press releases from Lithuanian government
Story
Lithuania Boosts Defense Budget to 5-6% of GDP Amid Calls from Trump for NATO Allies to Increase Spending
Jan 17, 2025, 11:51 AM
Lithuania has committed to increasing its defense spending to between 5% and 6% of its GDP from 2026 to 2030, a decision made by the State Defence Council. This move is in response to heightened security concerns and aims to accelerate the development of a new military division. Foreign Minister Kęstutis Budrys has called on NATO allies to follow this lead. The increased spending is intended to enhance Lithuania's military capabilities and deter potential threats, particularly from Russia, amid calls from U.S. President-elect Donald Trump for NATO members to boost their defense budgets.
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Other • 25%
Public spending cuts • 25%
Borrowing • 25%
Increased taxes • 25%
Inflation Adjustments • 25%
Military Modernization • 25%
National Security Threats • 25%
Other Reasons • 25%
No • 50%
Yes • 50%
Strategic deterrence • 25%
NATO expansion • 25%
Conflict in Ukraine • 25%
Modernization needs • 25%
5% • 25%
6% • 25%
5.5% • 25%
Other • 25%