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EU Commission: Lithuania’s budget at risk of exceeding deficit targets

The European Commission published its assessment of budgetary plans submitted to it by eurozone countries. Commenting on Lithuania’s 2016 national budget draft, the EC says it strays too much from fiscal discipline targets and that Lithuania might fail to keep structural deficit below 1 percent of GDP. Lithuania’s prime minister has responded that the government is not planning to revise the budget. […]

Seimas of Lithuania

2016 budget law submitted to Lithuanian parliament

The Seimas, the Parliament of Lithuania, has accepted for consideration the 2016 state draft budget law after discussions and questions to Finance Minister Rimantas Šadžius. […]

Rimantas Šadžius

Lithuania’s 2016 budget is aimed at boosting consumption, finance minister says

Lithuanian Finance Minister Rimantas Šadžius says that next year’s budget has been drafted to give a boost to the country’s slowing-down economy, noting planned increases in the minimum wage, in the non-taxable income tax threshold and in salaries for public sector employees will stimulate domestic consumption. […]


Lithuania’s budget deficit among smallest in EU in 2014

In 2014, Lithuania posted the smallest budget deficit among member-states of the European Union (EU), barr countries that reported surplus, the EU’s statistics office Eurostat said. […]

Andrius Kubilius

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. […]