Posts tagged as spending

Government backs EUR 11.9 billion as budget base spending

Wednesday, August 25, 2021

The Finance Ministry presented a report on the base basic budget and base special budget of 2022 at the government meeting August 24. The plan provides that base budget expenditure in the 2022 consolidated budget will amount to EUR 11.886 billion. Base expenditure in the basic budget has been projected at EUR 8.741 billion in 2022 and EUR 8.568 billion in 2023. Base expenditure has been increased by EUR 668.1 million…

Estonian defense spending to rise to €645.4 million in 2021

Wednesday, September 30, 2020

Defense spending in 2021 will rise to €645.4 million, constituting 2.29 percent of Gross Domestic Product, following the government’s signing off on the 2021 state budget Tuesday. 2020’s level was €615 million. NATO membership requires a minimum 2 percent of GDP defense-spending level; the 2020 figure already exceeded this requirement. Defense minister Jüri Luik (Isamaa) says that agreements reached at cabinet level on the state budget mean that the national…

Lithuanian president hails EU budget deal: unity prevailed

Tuesday, July 21, 2020

Green economy and digitalisation will be Lithuania’s priorities in spending EU support, said President Gitanas Nausėda after returning from budget talks in Brussels. The European Council deal, arrived at Tuesday morning, will see Lithuania receive 14.5 billion euros in 2021–2027, including 2.4 billion euros in grants and up to 3 billion euros in loans from the EU’s coronavirus recovery fund. “We are glad for the whole of the EU. We…

Majority of Lithuanians against upping defence spending

Monday, November 25, 2019

The majority Lithuanians are against political parties’ agreement to increase defense spending to at least 2.5 percent GDP in 2030, according to a survey carried out by Vilmorus for BNS on November 8-16. Out of 1,000 respondents, 30.3 percent said they were in favour or were rather in favor of the planned increase in the defense budget, as stipulated in the agreement. However, 55.2 percent said they were against or…

Latvia: 2020 budget revenue projected at EUR 9.89 billion, spending at EUR 10 billion

Friday, October 11, 2019

At an extraordinary meeting on Friday, the Cabinet of Ministers endorsed the 2020 state budget, where consolidated budget revenue is projected at EUR 9.89 billion and spending at EUR 10 billion. Compared to the 2019 budget, next year revenue will increase by EUR 717.1 million and expenditure by EUR 610.1 million. The general budget revenue in 2020 is projected at EUR 6.88 billion and expenditure at EUR 7.22 billion. Compared…

Lithuanian PM says government mulls new taxes on property, polluting cars

Thursday, July 18, 2019

Lithuanian Prime Minister Saulius Skvernelis says the government is considering broadening the property tax base and taxing polluting cars. “We’ll have to adopt decisions related to taxes that have no direct impact on our fiscal discipline and spending, that is, property taxes (and) transport-linked environmental taxes,” he told the parliament on Thursday after President Gitanas Nauseda nominated him to continue as prime minister. Ramunas Karbauskis, leader of the Lithuanian Farmers…

NATO releases report on defence spending 2012-2019

Friday, June 28, 2019

NATO has released its defence spending figures for the period between 2012 and 2019 and it will make unhappy reading for some, including the Trump Administration. In 2019 only seven members of the alliance are estimated to have met the NATO objective of spending two percent of GDP on defence. These include the US, Greece, Estonia, the UK, Romania, Poland and Latvia. Although there has been an effort by other…

Big Spender

Monday, October 1, 2018

I had my credit card stolen the other day but I didn’t bother to report it because the thief spends less than my wife.

NATO Spending: ‘2% is Already Not Realistic & 4% is Out of Question’ – German MP

By Fernand Kartheiser on Friday, July 13, 2018

NATO nations have agreed to satisfy the US demand to increase defense spending. This is what US President said at a press conference in Brussels during the second day of the NATO summit. President Trump reiterated his earlier request for doubling defense spending target, saying that four per cent of gross domestic product was “the right number.” Radio Sputnik discussed how achievable President Trump’s demand with Fernand Kartheiser, Luxembourg Parliament member…

As Trump Criticizes NATO, E.U. Leader Warns: You ‘Won’t Have a Better Ally’

Tuesday, July 10, 2018

President Trump renewed his criticism of European allies on Tuesday and said he was most optimistic about meeting with President Vladimir V. Putin of Russia, as he departed for a summit meeting in Brussels that threatens to highlight acrimony within NATO. Mr. Trump’s comments touched off a round of trans-Atlantic sniping with Donald Tusk, the president of the European Council, that was sure to start the NATO meeting on a…