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 […]
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.
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 […]
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. […]