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CORPORATE

Budget 2017 – who will be better of next year?

The President and the new government have stressed a number of times that one of the greatest tasks for next year would be to reduce social segregation. The 2017 budget allocates over half a billion euro to social needs. The Prime Minister promises larger pensions, wages are to rise for educators, police officers. However the Seimas opposition says that without structural reform, it will be difficult to reduce poverty and social segregation. […]

Saulius Skvernelis, Ramūnas Karbauskis
Economy

Seimas approves 2017 state budget

After a full day of discussions, Lithuania’s parliament on Thursday approved the 2017 state budget, with spending about 0.5 billion euros above the revenue. The budget was supported by 77 of Lithuania’s 141 parliamentarians, with 27 against and 14 abstentions. […]

Rasa Budbergytė
Economy

Finmin calls on new Govt not to make draft 2017 budget worse

After the European Commission has asked for clarification from Lithuania over its draft 2017 budget, Finance Minister Rasa Budbergytė says that the EU’s executive body wants additional information regarding the government’s request for a higher deficit due to the so-called social model. The Finance Ministry says, meanwhile, that the Commission does not request additional explanations and does not comment on the draft budget sent to it on October 17, but only reminds the country that its new government, once formed, will have to submit an updated daft budget. […]

Piggy bank
Economy

Draft 2017 budget projects higher revenue, expenses, lower deficit

Lithuania’s draft 2017 budget projects higher revenue and expenses for next year, but is planned with a lower deficit than this year. […]