Lithuanian government targets budget surplus

The Lithuanian government is planning to have a balanced budget in 2017 and run a small surplus in 2018-2019, according to the Stability Programme presented by the Ministry of Finance on Wednesday.

“This would allow us to cut Lithuania’s government debt, which now stands at 40% of GDP, reducing it to 35% in the nearest term, by 2019,” Finance Minister Rimantas Šadžius said after a cabinet meeting.

The Stability Programme suggests that the government budget surplus could be 0.8% in 2018 and 0.9% the following year.

Related Post

The minister said the projections are based on economic growth expectations. The government forecasts 2.5% GPD growth this year and over 3% in subsequent years.

Šadžius also said that tax collection this year should exceed projections.

Share

Recent Posts

  • Tribune

Historical novel by Kazakh writer Ermek Tursunov “Mamluk”in Lithuanian language presented in Vilnius

On the eve of the Independence Day of the Republic of Kazakhstan, on December 13,…

4 days ago
  • Foreign affairs

After Nausėda meeting with Budrys, the opposition retorts to the candidate’s “cooling off “

Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…

1 month ago
  • Tribune

Rediscover Bulgaria’s Ancient Heritage: Plovdiv’s Restored Eastern Gate and Nebet Tepe

In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…

1 month ago
  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

2 months ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

2 months ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 months ago