The EC approved Lithuania's decision to redistribute 618 million euros: here's where it will go
Lithuania's decision to redistribute 618 million euros for various national priorities related to security, resilience, and preparedness has been endorsed by the European Commission.
Lithuania is facing unique economic, social, and security challenges due to its geographical proximity to aggressor countries. In light of these challenges, the European Commission has approved Lithuania's decision to redistribute funds from the EU investment program to address seven new national priorities aimed at enhancing national security, resilience, and preparedness against external threats. Finance Minister Kristupas Vaitiekūnas expressed satisfaction with the Commission's recognition of Lithuania's circumstances and its approval of the funding reallocation.
The allocated funds will be used to strengthen various sectors vital for national defense and security. Specifically, 92.1 million euros will be directed toward bolstering the defense and security industry, 89.2 million euros will focus on protecting potable water supply infrastructure and enhancing the resilience of energy infrastructure. Additionally, 142.3 million euros will be allocated to improve the resilience of defense infrastructure and boost civil preparedness. Other important allocations include 14.9 million euros for promoting civil preparedness skills and 54.9 million euros for the development of social housing.
Moreover, Lithuania is set to receive approximately 700 million euros as part of a one-time pre-financing measure to support these initiatives. This substantial funding underscores the EU's commitment to assisting its eastern member states in addressing the heightened risks posed by regional security dynamics and implementing measures that reinforce their safety and welfare.