Seimas approves 2017 state budget

Saulius Skvernelis, Ramūnas Karbauskis
DELFI / Andrius Ufartas

The Seimas discussed more than 50 proposals on earmarking of additional funds, however, did not satisfy a single one after a no-go vote from the government.

The administrative sector’s deficit will next year make 0.7 percent of the gross domestic product (GDP), which is 0.1 percentage points more than envisaged in the initial draft prepared by the earlier government. In light of the remarks from the European Commission (EC), the structural deficit of the government sector will total at about 1.2 percent next year, which is a decline by 0.1 percentage points.

The 2017 budget revenue, including funds of the European Union and other international financial aid, stands at 8.519 billion euros, up by 43 million euros from the first version, whill allocations grow by 10 million euros to 9.07 billion euros.

You may like

Be the first to comment

Leave a Reply

Your email address will not be published.