Real estate tax collection and revenues will be handed over to municipalities to encourage them to implement the taxes more stringently under new proposals from Finance Minister Rimantas Šadžius.
Rimantas Šadžius EN
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Non-taxable income should be increased instead of the minimum wage and that would put more money in the pocket of workers, according to Naglis Puteikis, a member of, and tapped to be leader of, Lithuania’s newest political party, Increase Tax-Exempt Income (NPD).
The European Commission could find additional funding for handling the refugee crisis by reviewing the European Union's budget, said Lithuanian Finance Minister Rimantas Šadžius.
Prime Minister Algirdas Butkevičius is the highest paid member of the ruling government with Defence Minister Juozas Olekas a close second. However, many government ministers are paid significantly less.
Though a wave of discontent spread though the ruling coalition when Minister of Finance Rimantas Šadžius was appointed to be Lithuania's representative to the EU's Court of Auditors, it seems like those waves are subsiding.
Prime Minister Algirdas Butkevičius said there would be no negotiation with his coalition partners of a replacement for Social Democrat Finance Minister Rimantas Šadžius, who has been proposed as a candidate for the membership at the European Court of Auditors.
The Lithuanian parliament, with the blessing of President Dalia Grybauskaitė, approved a generous government budget for the year 2016 but views of whether such a budget is prudent are mixed.
Finance Minister Rimantas Šadžius says that 2015 was a breakthrough in tax collection for Lithuania and that extra revenue is projected for 2016.
The Lithuanian government wants to appoint Finance Minister Rimantas Šadžius to the European Court of Auditors.
The Lithuanian Parliament has adopted the final amendments satisfying legal conditions that will ensure Lithuania's full-fledged participation in the banking union.
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.
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 ...
The level of VAT revenue collected in Lithuania is well below that which could be collected, the European Commission has said.
On the invitation of Lithuanian Finance Minister Rimantas Šadžius, a delegation of the City of London, one of the key financial centres of the world, is visiting Vilnius on 14-15 September.
Greece's 86-billion-euro bailout package is aimed at getting the country back on its feet so that it could borrow from international markets on its own within several years, Lithuanian Finance Minister Rimantas Šadžius said on Tuesday.
The Lithuanian government on Thursday approved in principle the European Commission's decision to negotiate, together with the European Central Bank and the International Monetary Fund, with Greece on financial assistance to the country under the European Stability Mechanism (ESM).
Greek authorities must demonstrate their strong political will and approve reform measures agreed after more than 17 hours of overnight talks in order to reach a deal with the eurozone on a new bailout programme, Lithuanian Finance Minister Rimantas Šadžius said on Monday.
Finance Minister Rimantas Šadžius says that if the eurozone decided to provide financial support to Greece from the European Stability Mechanism (ESM), in Lithuania it would be the government that would decide on whether or not to approve the loan.
