General government balance is better than expected, however, amounts accumulated in state reserves are lower than planned. The National Audit Office as an independent fiscal institution has carried out an assessment of the Stability Programme […]
Lithuania’s general government budget balance last year moved into positive territory for the first time in 26 years and Finance Minister Vilius Šapoka says that a budget surplus is possible in the future too. […]
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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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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Lithuanian Finance Minister Rimantas Šadžius says that the government could finish the year with extra funds in the state coffers. […]
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 […]
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 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. […]
This January, the national budget and municipal authorities collected 2% (€12.1 million) more tax revenue than planned and 7.1% (€41 million) more than in the same period last year, according to the preliminary data of the Ministry of Finance. […]
Increased efforts to tackle tax evasion and the black market led to a significant increase in tax revenues for the Lithuanian government in 2015, according to Prime Minister Algirdas Butkevičius. […]
The Lithuanian parliament, with the blessing of President Dalia Grybauskaitė, approved a generous government budget for the year 2016 but views of whether such a budget is prudent are mixed. […]
President Dalia Grybauskaitė signed the 2016 government budget on Monday. […]
Lithuanian President Dalia Grybauskaitė says that she is going to sign the 2016 budget, endorsed by parliament last week, into law, although it has been criticised by the European Commission and the National Audit Office. […]
There are good things in next year’s budget, like the increase of national defence budget, but Lithuania will also begin to lose its reputation with international financial institutions and finance markets, Andrius Kubilius, the leader of the opposition in the Seimas (parliament), told Žinių Radijas radio. […]
Defence Minister Juozas Olekas has welcomed the 2016 budget passed by parliament on Thursday which raises defence spending by one third. […]
After the second reading of the draft state budget, leader of the Seimas opposition Andrius Kubilius criticised the governing parties for their “trite attitude” towards the findings of the National Audit Office and the European Commission. […]
After the second reading, the Lithuanian Seimas (parliament) backed next year’s draft state budget which was revised by the Government. The revisions include reduced structural deficit and additional appropriations for education and internal security institutions. […]
The Eurogroup, which has discussed the European Commission‘s (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle […]
Lithuania’s draft budget for 2016 allows for conservative optimism, says Loreta Graužinienė, speaker of the Seimas. According to the parliament’s leader, there is no risk that budget spending would exceed income in 2016 more than projected. […]
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