Lithuanian social insurance fund’s deficit to narrow 48 percent in 2016

State Social Insurance Fund administration
DELFI / Mindaugas Ažušilis

The document, which is to be discussed by the government on Wednesday and will have to be approved by the parliament, projects 3.344 billion euros in revenue, up by 66.1 million euros, or 2 percent, compared with this year’s estimate, and 3.439 billion euros in expenditure, down by 21.4 million euros, or 0.6 percent.

Spending on pensions should decrease by 53.6 million euros, or 2.1 percent, to 2.451 billion euros, accounting for 71.3 percent of the fund’ total expenditure.


Sickness and maternity social insurance benefits are planned to increase by 5.8 percent to 465.809 million euros and unemployment benefits are forecast to go up by 0.7 percent to 106.289 million euros.

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