Over 2016, the number of those receiving pensions went down by 5,900 (0.6 pct), said Statistics Lithuania.
Spending on pensions last year increased by 78 million euros (3 pct) from 2015 to 2.6 billion euros.
Economist Vilius Šapoka, candidate for Lithuania’s new finance minister, has so far refused to elaborate on the possible pension and tax reform, saying that all changes would need to be analyzed. […]
Lithuanian residents who are expected to have the lowest old-age pensions will be advised to make additional contributions to their pension fund or return to the state-run social insurer Sodra, says Finance Minister Vilius Šapoka. […]
If Lithuania made its tax system more transparent, like Estonia‘s, it could collect about €2.5 billion more to its coffers each year, says economist Raimondas Kuodis, deputy chairman of the Bank of Lithuania. […]
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