Market
What will be the primary source of funding for Lithuania's increased defense spending by 2030?
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Lithuania•Gitanas Nauseda•Kestutis Budrys•State Defense Council•Russian•Lithuanian armed forces•NATO
Resolution / Starting Odds
Borrowing • 25%
Public spending cuts • 25%
Increased taxes • 25%
Other • 25%
Official Lithuanian government financial reports or statements
Story
Lithuania to Boost Defense Spending to 5-6% of GDP from 2026 to Counter Russian Aggression, Urges NATO Allies
Jan 17, 2025, 01:19 PM
Lithuania has committed to increasing its defense spending to between 5% and 6% of its GDP from 2026 to 2030, as announced by President Gitanas Nauseda and Foreign Minister Kestutis Budrys. The State Defense Council agreed on a target of 5.5% GDP for military spending. This decision aims to enhance the country's military capabilities in response to regional security concerns, particularly the threat of Russian aggression. The move is intended to accelerate the development of a new military division within the Lithuanian armed forces without increasing taxes, instead relying on borrowing and cutting public spending elsewhere. Lithuania's leaders have called on NATO allies to follow suit, emphasizing the need for bold decisions and leadership in these challenging times.
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Similar markets
NATO commitments • 25%
Other • 25%
Internal political pressure • 25%
Russian threat • 25%
No • 50%
Yes • 50%
Other • 25%
Private investments • 25%
European Union funding • 25%
Polish government budget • 25%
Other • 25%
5% • 25%
5.5% • 25%
6% • 25%
Majority increase defense spending • 25%
Other • 25%
No significant changes • 25%
Minority increase defense spending • 25%