Defence Minister Juozas Olekas has welcomed the 2016 budget passed by parliament on Thursday which raises defence spending by one third.
State budget
73 straipsnių
After the second reading of the draft state budget, leader of the Seimas opposition Andrius Kubilius criticised the governing parties for their "trite attitude" towards the findings of the National Audit Office and the European Commission.
After the second reading, the Lithuanian Seimas (parliament) backed next year's draft state budget which was revised by the Government. The revisions include reduced structural deficit and additional appropriations for education and internal security institutions.
The Eurogroup, which has discussed the European Commission's (EC) recent assessments of 2016 Draft Budgetary Plans (DPBs) of the Eurozone member-states, expressed doubts about the EC assessment of the Lithuanian economic cycle
Lithuania's draft budget for 2016 allows for conservative optimism, says Loreta Graužinienė, speaker of the Seimas. According to the parliament's leader, there is no risk that budget spending would exceed income in 2016 more than projected.
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 G...
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...
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 migh...
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 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.
The revenue of Lithuania’s central government budget, including EU and other international aid, next year should be lower than this year, whereas spending and, consequently, budget deficit should grow.
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...
In 2014, Lithuania posted the smallest budget deficit among member-states of the European Union (EU), barr countries that reported surplus, the EU's statistics office Eurostat said.