Finance Minister

Finance Minister Gintarė Skaistė has tabled a state budget plan for 2025 with a deficit of 3% and debt at 42.3% of Lithuania’s gross domestic product (GDP).

Finance Minister Gintarė Skaistė says the Cabinet will not change its stance on the windfall profit tax amid worries expressed by banks.

Finance Minister Gintarė Skaistė presented the advantages of the Lithuanian Fintech sector and the further direction of growth to the investors of the United States of America in Washington and invited them to invest in one of the fastest growing sectors, the ministry said in a press release on Mond...

The Government on Wednesday approved the updated package of tax reform proposals which is now set to go the Seimas.

Finance Minister Gintarė Skaistė has appointed her adviser Darius Sadeckas to the role of her deputy minister. He took office on Wednesday.

Finance Minister Gintarė Skaistė says she has decided to transfer nearly EUR 14,000 to the Kaunas city municipality after finding out that she could not justify some of her expenses as Kaunas city councillor.

Conservative leader Gabrielius Landsbergis says his party’s presidium is set to convene later Friday to consider Government’s resignation and early parliamentary elections in response to the ongoing expenses scandal involving several Cabinet members.

Lithuania's new Finance Minister Gintare Skaiste acknowledges that she was forced to direct almost all of her attention to the coronavirus pandemic and the 2021 budget bill during the first days in office. But, she says, discussions on the future of the taxation system should start next year, as wel...

Lithuania's new government is planning to review all existing tax incentives, including the excise tax discount for diesel fuel used by farmers, Finance Minister-designate Gintare Skaiste said on Tuesday, noting that the state loses at least 2 billion euros in budget revenue annually because of the ...

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general government deficit and stabilizing the growth of debt relative to GDP, Finance Minister Vilius Sapoka said on Tuesday.

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance Minister Vilius Sapoka said, adding that the government is unlikely to reintroduce the stringent quarantine measures that were in place last spring.

Lithuania's economy is coping very well with challenges induced by the coronavirus crisis, and the latest figures are a cause for cautious optimism in the second half of this year, Finance Minister Vilius Sapoka says.

The Seimas of Lithuania has on Tuesday increased the state's net borrowing limit from 904.6 million to 5.4 billion euros as additional funds are necessary to compensate for a drop in state revenue and mitigate the coronavirus crisis' impact on the Lithuanian economy.

Lithuania hopes for further growth of the fintech sector and is open to investors from all countries, including China, the country's Finance Minister Vilius Sapoka says.

The scope of shadow economy has visibly decreased over the past decade in Lithuania, Finance Minister Vilius Sapoka says as it has become fashionable to pay taxes.

Amid calls by Lithuanian President Gitanas Nauseda to increase public spending on social needs, Finance Minister Vilius Sapoka says the government has already allocated significant funding for poverty reduction in recent years.

With Lithuania considering levying a tax on polluting vehicles in 2020, Finance Minister Vilius Sapoka says both taxes and incentives are needed to encouraged drivers to switch to more environmentally-friendly cars.

Lithuania's Finance Minister Vilius Sapoka has so far declined to say if he plans to continue working in the Saulius Skvernelis government, underlying, however, that the started work needs to be finished.