Lithuania’s 2015 budget bill will be adjusted if there is reason to believe that the growth of the country’s economy is slightly lower than the currently forecasts, the finance minister has said. […]
Responding to comments made by Vilnius Deputy Mayor Romas Adomavičius, who said that the Lithuanian capital city was on the brink of bankruptcy, Finance Minister Rimantas Šadžius insists that the city needs more financial discipline and transparency in its activities. […]
Based on preliminary assessment by the Ministry of Finance, revenue collections over the first nine months of 2014 surpassed expectations by 0.8 percent. […]
With Lithuania’s authorities planning to increase spending on national defence and to compensate for pension cuts, the economy might not grow fast enough to support increases in public spending and the government next year may have to broaden the revenue base and cut back on some expenses, the International Monetary Fund (IMF) said on Tuesday. […]
The President’s Office commends the objective of the state budget to reduce social exclusion, ensure fiscal discipline and defence funding. However, it feels that the fight against underground economy has been inadequate. […]
Lithuania’s national budget will most likely be balanced in 2017 instead of 2016, as expected before, Finance Minister Rimantas Šadžius says. […]
Member of Parliament, chairman of the Order and Justice Party parliamentary group Petras Gražulis has proposed a law that the minimum monthly salary could not be lower than half of the average salary in Lithuania. […]
Liberal Member of the Lithuanian Parliament Eligijus Masiulis registered a draft law proposing to temporarily extend the reduced VAT rate on the supply of heating and hot water until 31 December 2015. […]
Excessively optimist forecasts and no instruments for boosting the domestic market in the 2015 Lithuanian budget proposal may lead to economic problems, says Gitanas Nausėda, adviser to the SEB bank president. […]
The Lithuanian Ministry of Finance proposes to scrap a VAT exemptions for district heating, saying that a draft state budget for 2015 earmarks sufficient funds to compensate low-income families for increased heating bills. […]
The government of Lithuania has decided to increase the minimum monthly wage to LTL 1,035 (EUR 300) and the minimum hourly wage to LTL 6.27 (EUR 1.82) from 1 October 2014. […]
Lithuanian Prime Minister Algirdas Butkevičius claims that the government is not planning to make any major changes to the tax system next year or introduce any new tax exemptions. He adds that a rise in the excise duty on alcoholic drinks is considered. […]
The Lithuanian government aims to achieve a budget surplus in 2016, Prime Minister Algirdas Butkevičius says. […]
MP Vytautas Antanas Matulevičius has proposed to introduce a 5-percent value added tax (VAT) rate on books and non-periodicals instead of the current 9 percent VAT rate. […]
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