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On Monday, Prime Minister Ingrida Šimonytė convened a meeting of political parties, representatives of business and trade unions to discuss prospects of defence funding and sustainable funding resources. Minister of National Defence Arvydas Anušauskas estimates that defence spending should be increa...
President Gitanas Nausėda believes the current Seimas is able to adopt a defence tax, which would be a more sustainable way of financing defence needs than borrowing set out in the annual budget.
The Ministry of National Defence plans to earmark more than EUR 3.1 billion in the next decade for the acquisition of military supplies. Ammunition will account for 90% of military stocks, while the rest will include engineering equipment and explosives.
Lithuania’s previous government “hid certain things” when drafting the country’s budget of 2021, which is why the currently projected deficit is higher, President Gitanas Nauseda has said.
The Seimas of Lithuania on Tuesday adopted the 2021 budget with 77 votes in favor, 2 votes against and 49 abstentions.
The key question related to Lithuania's next year budget is what will be done with borrowed money and EU funds, says Ingrida Simonyte, leading the opposition conservative Homeland Union – Lithuanian Christian Democrats' candidate list in the parliament election.
There's no need for a review of this year's budget, Lithuanian Prime Minister Saulius Skvernelis has reiterated once again, saying that there's no legal basis to do that.
Lithuania's parliamentary opposition leader says President Gitanas Nauseda's proposals on labor tax cuts and one-off payments to families with children have to be discussed in tandem with a budget review.
Lithuania’s budget will this year record a revenue shortfall of up to 1.5 billion euros, or approximately 12 percent of the full-year revenue target, due to the coronavirus crisis, Deputy Finance Minister Migle Tuskiene has said.
Lithuania lacks fairness in the European Union's budget, Lithuanian Foreign Minister Linas Linkevicius said after taking part in a meeting of the Friends of Cohesion group in Lisbon last Saturday.
Lithuanian President Gitanas Nauseda says he will not sign into law in a budget bill that does not comply with the fiscal discipline requirements.
The Lithuanian government's 2020 budget bill, in its current form, would allow increasing teachers' salaries by 9.2 percent, Education, Science and Sport Minister Algirdas Monkevicius said on Tuesday.
The budget bill the Lithuanian government has put before the country's parliament is an important but insufficient step for Lithuania moving towards a welfare state, President Gitanas Nauseda said in an interview with the Verslo Zinios business daily.
EU member states differ too much in their positions on the bloc's next multi-annual budget to reach an agreement by the end of the year, Lithuanian President Gitanas Nauseda said on Friday.
As political parties in Lithuania pay more attention to the idea of a welfare state, one can expect a more socially-focused budget next year, Lithuanian President Gitanas Nauseda says.
