Economy
public finance
Economy
Economy
Lithuania will have hard time meeting this year’s budget targets, economist says
After the International Monetary Fund has warned that Lithuania this year is facing serious challenges in public finances, an economist says that meeting this year’s budget targets will not be easy. […]
Economy
Lithuanian PM says government will not revise spending due to lower GDP projections
Even though the Lithuanian central bank last week cut its GDP growth forecast for this year, Prime Minister Algirdas Butkevičius says that the government is not planning to revise the national budget, at least for now, adding that EU support should help cushion the impact of slower growth. […]
Opinion
Opinion: Why Lithuania avoided Greek scenario
Don’t tell anyone, but I actually dislike saving money. When I decide to buy something more expensive, like another lens for my camera, I borrow from my wife instead of saving part of my wages for a few months. Then I repay the money according to a pre-set schedule to her just like to a lending company. […]
Defence
PM explains confusion about Lithuania’s defence funding in 2015
Commenting on the discrepancies between the defence funding figures provided by different institutions, Lithuanian Prime Minister Algirdas Butkevičius says that additional funding for defence will be strictly used according to NATO standards. […]
Economy
Lithuanian government debt at 39.7 percent of GDP
According to the Ministry of Finance of Lithuania, the central government’s debt in November stood at 39.7 percent of Lithuania’s total projected gross domestic product (GDP) of 2014, LTL 49.673 billion (EUR 14.39 billion). […]
Politics
Lithuanian president signs 2015 budget into law
Lithuanian President Dalia Grybauskaitė has signed the country’s budget for the next year, her press service said on Tuesday. […]
Politics
Lithuania’s opposition leader asks president to veto social insurance fund budget
Lithuanian Seimas opposition leader, conservative Andrius Kubilius, has asked President Dalia Grybauskaitė to veto the draft budget for 2015 of the State Social Insurance Fund Board under the Ministry of Social Security and Labour (Sodra) which was adopted by the Seimas. […]
Politics
Lithuanian parliament passes 2015 budget
The Lithuanian parliament Thursday passed the law on national budget for 2015, the first year of the country’s eurozone membership, by a vote of 79 to 33, with 23 abstentions. […]
Politics
Lithuanian parliament sends budget bill back to government for improvement
The Lithuanian parliament sent next year’s draft budget bill back to the government for improvement after the first reading on Tuesday. […]
Economy
PM insists Lithuania’s 2015 budget bill does not breach Fiscal Discipline Law
Lithuania’s 2015 budget bill does not contravene the Law on Fiscal Discipline, Prime Minister Algirdas Butkevičius insists. […]
Economy
Auditors say Lithuania’s 2015 budget bill violates Fiscal Discipline Law
The growth of expenses projected in Lithuania’s 2015 budget bill contravenes the Law on Fiscal Discipline and the expected growth of tax revenue is overly optimistic, the National Audit Office said in conclusions published on Monday. […]
Politics
Lithuanian government says it will not tolerate indebted municipalities
The Government says that it will not tolerate growing indebtedness of municipalities and those local governments which fail to reduce their debts will have to adhere to new stricter rules, Prime Minister Algirdas Butkevičius has confirmed. […]
Economy
Lithuanian PM projects balanced budget in 2017
Prime Minister Algirdas Butkevičius hopes that Lithuania will have a balanced budget already in 2017. […]
Economy
Lithuanian ruling parties agree on EUR 325 minimum monthly salary in 2015
The parliamentary groups of the Order and Justice party, the Social Democrats and the Labour Party have agreed that the minimum monthly salary should be raised to EUR 325 (LTL 1,122) in 2015. […]
Politics
Lithuania adopts constitutional law in line with EU’s Fiscal Compact
At its plenary sitting on Monday, the Seimas of Lithuania adopted the legislation implementing the European Union‘s Fiscal Compact treaty signed in 2012. […]
Economy
Lithuanian PM looking for EUR 29.5m to raise government employees’ salaries
Prime Minister Algirdas Butkevičius says the Government is looking for LTL 102 million (EUR 29.5 million) in next year’s budget in order to raise salaries for government employees working under employment contracts. […]
Defence
Parliament panel suggests adding EUR 10m to Lithuanian defence budget
The Lithuanian parliament’s Foreign Affairs Committee has suggested earmarking additional 34.3 million litas (EUR 9.9m) for defence next year. […]
Economy