Lithuania’s 2017 draft budget plan may fall short of the provisions of the Stability and Growth Pact, however, this could be avoided by way of an exception, if the social model is listed as a structural reform, the European Commission has said. […]
President Dalia Grybauskaitė signed under the 2017 state budget project which already passed in Seimas. […]
The President and the new government have stressed a number of times that one of the greatest tasks for next year would be to reduce social segregation. The 2017 budget allocates over half a billion euro to social needs. The Prime Minister promises larger pensions, wages are to rise for educators, police officers. However the Seimas opposition says that without structural reform, it will be difficult to reduce poverty and social segregation. […]
Seimas has already finished packing the Christmas gifts we will be enjoying for at least a year. However economists who are members of Seimas are in no rush to celebrate. Liberal Kęstutis Glaveckas says that […]
Voting regarding the VAT exemption for heating costs did not demonstrate unity between Prime Minister Saulius SKvernelis and colleagues from the party which delegated him. The PM himself says that this happened only because party […]
After the European Commission has asked for clarification from Lithuania over its draft 2017 budget, Finance Minister Rasa Budbergytė says that the EU’s executive body wants additional information regarding the government’s request for a higher deficit due to the so-called social model. The Finance Ministry says, meanwhile, that the Commission does not request additional explanations and does not comment on the draft budget sent to it on October 17, but only reminds the country that its new government, once formed, will have to submit an updated daft budget. […]
The Lithuanian finance minister on Tuesday introduced to the parliament a draft 2017 budget that she says focuses on scaling down social exclusion, beefing up national defense and financing the necessary structural reforms. […]
Lithuania’s opposition lawmakers say that next year’s budget drafted by the outgoing government is “a semi-finished product” that should not be taken seriously. […]
Lithuania’s Cabinet of ministers will Wednesday open discussions into the next year’s budget draft. […]
Lithuania’s draft 2017 budget projects higher revenue and expenses for next year, but is planned with a lower deficit than this year. […]
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