Lithuania issued government bonds worth €15 million on Monday. The state will pay 0.489% interest on average for the bonds that will mature in eight years. By 1 July, the central government’s debt amounted to […]
In an effort to bolster financial stability, the Lithuanian Ministry of Finance intends to submit a deficit-free 2017 budget to the government, says Finance Minister Rasa Budbergytė.
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After Standard & Poor‘s said that Lithuania would be the most affected by Brexit among all Eastern European nations, Lithuania’s Ministry of Finance said that the international rating agency drew misleading conclusions.
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On Monday, the Government intends to return to the Seimas‘ proposal to increase the non-taxable income (NPD) to €350.
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The current government has no plans to introduce any new taxes, says Lithuania’s new finance minister, backtracking from her earlier statement that real estate and car taxes were only a matter of time.
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Rasa Budbergytė, Lithuania’s former representative at the European Court of Auditors, has been appointed as the country’s new finance minister.
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Lithuania has exceeded tax collection targets for January-May this year, the Ministry of Finance says. […]
Next year, the government intends to continue its current policy of reducing administrative costs by preparing a budget for 2017 that will be 5% lower than this year’s. Similar several-percent reductions in administrative costs have […]
Part of the credit unions operating in Lithuania are opposing a new law aimed at solidifying the market. The Ministry of Finance drafted the law in response to a series of bankruptcies three years ago […]
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 […]
Lithuania’s Ministry of Finance hopes for balanced public finances in 2017 and intends to run up a surplus in 2018. The Ministry of Finance announced these projections in the Lithuanian Stability 2016 annual program that […]
Tax revenues collected by the Lithuanian state and municipalities were up 5.7% in the first quarter of 2016. State and municipal budgets collected 2.6% (€42.7 million) more revenue than projected and 5.7% or €90.5 million […]
Lithuanian citizens still have a tough time accessing data about how state institutions are using taxpayer’s money. […]
The idea of a basic bank account that would attract a low flat fee and allow Lithuanians to get a complete service package in one account at a fixed commission is being moved forward by […]
Revenues collected by municipalities around Lithuania increased in 2015 with 57 municipalities receiving more than €80 million in extra revenues in 2015, according to Ministry of Finance data. […]
With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament. MPs have submitted several bills suggesting cutting value-added tax (VAT). Some proposals have been discussed more extensively than others, but there is still no clear agreement on a number of points concerning the cuts. […]
Lithuania’s Ministry of Finance has significantly revised down its forecasts for GDP growth in 2016 to 2.5% for the year, down from the 3.2% growth predicted last year. […]
Lithuania’s Prime Minister Algirdas Butkevičius has named Rasa Budbergytė as the candidate to replace Finance Minister Rimantas Šadžius. […]
The teachers’ trade unions involved in the nearly two-week-long strike for higher wages in Lithuania have announced that they are prepared to call off their strike as early as Friday. Audrius Jurgelevičius, the leader of the Lithuanian Education Trade Union, told LRT that he believes that the trade unions have achieved 75 percent of their goals after the government managed to find an additional €8 million to increase educational staff’s wages. […]
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