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.
Budget bill EN
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Lithuania's general government deficit is estimated at 5 percent GDP next year, the country's Finance Ministry announced on Wednesday, having presented next year's budget bill.
Lithuanian President Gitanas Nauseda signed on Friday next year's budget bill and accompanying legislation into law.
The government's 2020 budget bill projects a significant amount of questionable revenue from improved tax administration, which may lead to a worse-than-planned general government balance and raises serious doubts as to the draft budget's compliance with the fiscal discipline rules, the country's ce...
