The Liberal Movement political group in the Lithuanian parliament has proposed to boost funding for counter-terrorism effort by additional EUR 15 million starting in 2016. […]
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. […]
The National Audit Office of Lithuania has issued a warning that the draft state budget for 2016 is on the verge of breaching fiscal rules and that Lithuania is not ready to counter financial shocks. Prime Minister Algirdas Butkevičius has dismissed the criticism and said that budget revenue figures improved due to better tax administration. […]
The National Audit Office criticised Lithuania’s national budget for 2016, saying it was based on excessively optimistic tax collection expectations. Minister of Finance Rimantas Šadžius has dismissed the remarks. […]
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. […]
Finance Minister Rimantas Šadžius believes there still is a chance that at the end of 2015 Lithuania’s gross domestic product (GDP) growth will exceed 2 percent. […]
Prime Minister Algirdas Butkevičius says that the 2016 draft budget, which will be submitted to Parliament on Tuesday, is aimed at stimulating domestic consumption and economic growth. […]
The Lithuanian Ministry of Finance has submitted the country’s draft budget to the European Commission (EC) and the Eurogroup. Such obligation arose for Lithuania when it became a member of the eurozone in January 2015. […]
After the Finance Ministry has submitted proposal for the 2016 state budget, which envisages a slightly bigger fiscal deficit than this year, the National Audit Office says this raises the risk for long-term sustainability of government finance. President Dalia Grybauskaitė warns that Lithuania might exceed the limit provided by the EU’s fiscal compact. […]
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. […]
The gap between revenue and expenditure of Lithuania’s State Social Insurance Fund, the Sodra, next year is expected to narrow by around 48 percent to 95.494 million euros, according to its draft 2016 budget. […]
Lithuania’s defence budget should expand by more than a third in 2016, according to the budget draft published on Monday. […]
Valdis Dombrovskis, the European Commission‘s vice-president for the euro and social dialogue, has warned that Lithuania’s budget deficit should not increase this year, noting that the EU’s executive body forecasts that the country’s budget deficit in 2015 will be 0.7-0.8 percentage points above the target. […]
Even though the Lithuanian central bank last week cut its GDP growth forecast for this year, Prime Minister Algirdas Butkevičius says that the government is not planning to revise the national budget, at least for now, adding that EU support should help cushion the impact of slower growth. […]
Lithuanian President Dalia Grybauskaitė has signed the country’s budget for the next year, her press service said on Tuesday. […]
The Lithuanian parliament passed the state’s budget for 2015 for the second time on Thursday, with 79 votes in favour, 14 votes against and 34 abstentions. […]
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. […]
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