Lithuania to allocate additional 130 million euros for arms procurement

Lithuania will allocate an additional 130 million euros for the purchase of weapons by the end of 2024, which will increase defense spending to 3.2% of GDP.

This was reported by Yevropeiska Pravda with reference to the press service of the Ministry of Finance of Lithuania.

The head of the ministry, Gintare Skyste, signed a draft resolution that proposes to allocate additional funds for the purchase of the necessary weapons systems this year.

The Lithuanian Ministry of National Defense will receive €130 million to accelerate the purchase of unmanned aerial vehicles, counter-drone systems, as well as to upgrade existing mobile air defense systems and purchase new ones.

"We will be able to implement various projects necessary for national defense, such as the procurement of unmanned aerial vehicles, anti-drone systems and mobile air defense systems, radios, weapons and other items later this year. Part of the funds will also be used to purchase Lithuanian-made military equipment," the minister said.

Taking into account these allocations, a total of 323 million euros will be available this year to further finance the needs of the Lithuanian Ministry of National Defense.

Author - Dmitriy Levchenko, 13/08/2024