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IMF warns Lithuanian government might be too lavish in planning 2015 budget

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. […]

Gitanas Nausėda

Analysts say Lithuania’s 2015 budget proposal too optimistic

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. […]

Algirdas Butkevičius

Lithuania eyes budget surplus in 2016

The Lithuanian government aims to achieve a budget surplus in 2016, Prime Minister Algirdas Butkevičius says. […]