Reported 2 months ago
Lithuanian President Gitanas Nauseda has suggested tapping into the country's foreign currency reserves to increase defense spending to over 5% of GDP, amid rising geopolitical tensions. This proposal comes as Lithuania aims to raise its defense budget in response to security concerns, particularly regarding a potential Russian threat. While the government plans to boost defense spending from 3.5% to 4% this year, some political figures express caution about accessing reserves, calling for them to be preserved for dire emergencies.
Source: YAHOO