On the News radio (“Žinių radijas”) show, Lithuania‘s bank board‘s director Vitas Vasiliauskas said that whilst the world economic scenario is being portrayed dramatically in Lithuania, the visible signs of ambiguity are preventing from making […]
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 […]
Parliamentary Speaker Loreta Graužinienė doubts the promises made by Finance Minister Rasa Budbergytė that Lithuania will have a balanced budget in 2017. In Graužinienė’s opinion, the government cannot cut the deficit because of the need to increase social benefits.
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Finance Minister Rasa Budbergytė has met with the Labour Party parliamentary group to discuss possibilities to increase public sector salaries next year. “We can promise specific values only when we have clear budget figures. We […]
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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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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Lithuania ran a current account surplus of €37.1 million in the first quarter of 2016 compared to a deficit of over €300 million in the first quarter of 2015. The current account surplus was equal […]
The Lithuanian government issued bonds on Monday worth €25 million with the average return of 0.041%. Nasdaq Vilnius, which handled the emission, says that investors lent to Lithuania for between 0.02% and 0.05%. The latest […]
Lithuanian Finance Minister Rimantas Šadžius says that the government could finish the year with extra funds in the state coffers. […]
Vilnius led the way in the level of taxes it collected per capita at an average of €800 in 2015, a far higher amount than any other Lithuanian municipality, emphasising the gap between the capital […]
The National Audit Office is carry out a audit on whether Lithuania has too many civil servants and whether money is being wasted on employing too many public officials. There are 14 government ministries in […]
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 […]
The City of Vilnius is planning to borrow almost €25 million for investment projects this year. City officials say the money will be used to renovate school buildings and for infrastructural projects like the western […]
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 Parliamentary Audit Committee has calculated that the government sector last year took a tenth of taxpayers’ money, almost €1 billion – just for salaries. “The trends are bad. The numbers are increasing in all […]
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. […]
Lithuania has been commended by the Eurogroup, the meeting of eurozone‘s finance ministers, for its efforts to cut budget deficit and rein in public spending, says Finance Minister Rimantas Šadžius. […]
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