public finance

Parliamentary Speaker Loreta Graužinienė doubts the promises made by Finance Minister Rasa Budbergytė that Lithuania will have a balanced budget in 2017. In Graužinienė's opinion, the government cannot cut the deficit because of the need to increase social benefits. To read this article, try a €5.99...

In an effort to bolster financial stability, the Lithuanian Ministry of Finance intends to submit a deficit-free 2017 budget to the government, says Finance Minister Rasa Budbergytė. To read this article, try a €5.99 monthly subscription by clicking here.

The current government has no plans to introduce any new taxes, says Lithuania's new finance minister, backtracking from her earlier statement that real estate and car taxes were only a matter of time. To read this article, try a €5.99 monthly subscription by clicking here.

Lithuanian Finance Minister Rimantas Šadžius says that the government could finish the year with extra funds in the state coffers.

Lithuanian citizens still have a tough time accessing data about how state institutions are using taxpayer’s money.

Revenues collected by municipalities around Lithuania increased in 2015 with 57 municipalities receiving more than €80 million in extra revenues in 2015, according to Ministry of Finance data.

Lithuania's central government and municipalities collected €1.132 billion in taxes over January-February 2016, exceeding the target by €25.1 million, or 2.3%, the Finance Ministry said.

Lithuania has been commended by the Eurogroup, the meeting of eurozone's finance ministers, for its efforts to cut budget deficit and rein in public spending, says Finance Minister Rimantas Šadžius.

Vilnius City Council will spend millions of euros regenerating the Neris riverbank, building two new swimming pools, improving cycle lanes and upgrading the city’s parks in the next year, but critics remain.

This January, the national budget and municipal authorities collected 2% (€12.1 million) more tax revenue than planned and 7.1% (€41 million) more than in the same period last year, according to the preliminary data of the Ministry of Finance.