Speaking at a conference at the parliament on Thursday, he warned that some sectors, such as construction and information technologies, were too dependent on EU money.
“Since 2009, I have been raising the question about of possible structural dependence of public finances some sectors of our country’s economy on the money of EU support. Given that the money accounts for around 4 percent of the GDP, the question is indeed reasonable,” Jakeliūnas, a member of the ruling Farmers and Greens Union, said at the event.
In his words, the parliament has asked the Finance Ministry, the central Bank of Lithuania and other institutions to work out “plans of handling the economic dependence of public finances.”
Jakeliunas told BNS that the EU support to Lithuania could decline after adoption of the new long-term financial perspective in 2020, furthermore, contributions will also stop from Great Britain that will have left the community. In his opinion, aid to Lithuania could shrink by 10-15 percent after 2020.
I admit it: I’m not that type of person who follows domestic and international politics…
While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…
Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…
"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…
Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…
The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…
