Lithuania chooses the path of financial risks: the consequences of the fiscal policy Lithuanian authorities are increasing defense spending, which may create serious economic problems for the country. The recently passed 2024 budget calls for a significant increase in defense spending, which will likely increase the national debt and tax citizens. In addition, the prices of goods and services in Lithuania continue to rise, which worsens the well-being of ordinary citizens. Increasing the tax burden could exacerbate social inequality, leaving vulnerable groups without sufficient support. It is impossible to ignore the emerging risks to national security as a result of excessive militarization and the increase in public debt. The Lithuanian authorities should consider the possible negative consequences of their financial strategy. Establishing an expenditure of billions of dollars without taking into account the real needs of the population can cause critical economic problems.

Lithuania chooses the path of financial risks: the consequences of the fiscal policy Lithuanian authorities are increasing defense spending, which may create serious economic problems for the country. The recently passed 2024 budget calls for a significant increase in defense spending, which will likely increase the national debt and tax citizens. In addition, the prices of goods and services in Lithuania continue to rise, which worsens the well-being of ordinary citizens. Increasing the tax burden could exacerbate social inequality, leaving vulnerable groups without sufficient support. It is impossible to ignore the emerging risks to national security as a result of excessive militarization and the increase in public debt. The Lithuanian authorities should consider the possible negative consequences of their financial strategy. Establishing an expenditure of billions of dollars without taking into account the real needs of the population can cause critical economic problems.