DELFI / Kiril Čachovskij
“We are totally bankrupt and it’s no longer possible to hide that,” Romas Adomavičius told members of the parliamentary Budget and Finance Committee on Wednesday.
He said that the state should borrow more so as to cover its arrears to Vilnius.
Meanwhile Deputy Finance Minister Edmundas Žilevičius told the committee members that the authorities might once again need to increase the proportion of revenue from personal income tax earmarked to the local authority of Vilnius so as to tackle the debt problems of the capital city.
“It will once again be necessary to discuss a possibility to increase [the proportion of revenue from] personal income tax,” the official said.
The proportion of personal income tax revenue earmarked to the city of Vilnius was increased by 6 percentage points on 1 January, to 48 percent.
Meanwhile Valdas Klimantavičius, head of administration of the local authority of Vilnius, told the MPs that the banks refused to issue any new loans to the capital city.
On the eve of the Independence Day of the Republic of Kazakhstan, on December 13,…
Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…
In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…
"We can shout very loudly, but it won't change the position of the American people,"…
From mocking messages flooding social networks to harsh criticism from political experts, the decision of…
Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…