Committee on Budget and Finance

The Lithuanian parliament's Committee on Social Affairs and Labor on Wednesday approved of a ceiling on employees' contributions to the state social insurance fund Sodra, back-pedaling on a decision to oppose the measure it took last week.

The Lithuanian parliament on Thursday asked the Committee on Budget and Finance (CBF) to scrutinize the handling of public finances by the country's previous governments since 2005.

Vytautas Bakas, chairman of the parliamentary National Security and Defence Committee, is skeptical about the proposal to remove conservative MP Laurynas Kasčiūnas from the committee after he was questioned in a political corruption investigation.

Lithuania's conservative MP Laurynas Kasčiūnas has no intentions to leave the parliament's National Security and Defence Committee after being questioned as witness in the MG Baltic corruption case, however, will stand aside from the parliamentary inquiry on possibly unlawful influence upon politica...

Lithuania's Parliamentary Speaker Viktoras Pranckietis intends to turn to the parliament's National Security and Defence Committee with a suggestion to check whether conservative MP Laurynas Kasčiūnas can continue working there after being questioned in the MG Baltic corruption case.

Lithuania's parliament will discuss in spring whether alcohol advertisement should be allowed in foreign publications distributed in the country.

Lithuanian Prime Minister-designate Saulius Skvernelis says that the existing personal income tax incentive for life insurance has failed to achieve its goals and has to be reviewed.

The Seimas, the Parliament of Lithuania, has rejected the initiative to introduce progressive taxation.

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 Lithuanian Seimas Committee on Budget and Finance is asking the country's government to draft amendments to the Law on the Constitutional Court, which, if adopted, would strip the top court of the right to decide on budget and financial issues, the Lietuvos Rytas daily reports.

Member of the Lithuanian Social Democratic Party political group, MP Bronius Bradauskas, has voluntarily stepped down as chairman of the Parliamentary Committee on Budget and Finance.

On Tuesday Lithuanian Parliament deliberated on amendments to 2014 state budget project in order to increase appropriations for national defence by LTL 130 million (EUR 37.6 million) yet this year.