Market
What will Lithuania's defense spending as a percentage of GDP be by 2026?
2
Lithuania•Gitanas Nauseda•Kestutis Budrys•State Defense Council•Russian•Lithuanian armed forces•NATO
Resolution / Starting Odds
Less than 5% • 25%
5% to less than 5.5% • 25%
5.5% to less than 6% • 25%
6% or more • 25%
Official Lithuanian government budget reports
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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More than 5.5% • 25%
5.5% • 25%
5.1% to 5.4% • 25%
5% or less • 25%
5.5% - 6.0% • 25%
Above 6.5% • 25%
5.0% - 5.5% • 25%
6.0% - 6.5% • 25%
5.5% • 25%
5% • 25%
6% • 25%
Other • 25%
More than 5.0% • 25%
4.5% or less • 25%
4.6% to 4.9% • 25%
5.0% • 25%