Public spending

Over the past few years Lithuania has been buying plenty of new weaponry for its armed forces, but the purchase of ammunition reserves to go with them has not kept pace.

The city of Kaunas and its municipal companies have have cut their debts by €45 million over the last nine months.

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 ...

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.

Lithuanian Prime Minister Algirdas Butkevičius says if defence funding continues to be raised at the current rate, Lithuania's spending on defence will reach the set goal of 2 percent of GDP earlier than planned. Still, the prime minister notes that actual funding will depend on Lithuania's economic...

Lithuania hopes to reach a national defence spending level of 2 percent GDP by 2018, two years earlier than was originally estimated, Lithuanian President Dalia Grybauskaitė said on Thursday.

Member of the European Parliament Petras Auštrevičius has raised the idea of including Lithuania's commitment to spend 2 percent of GDP on defence into the Constitution.

A smooth adoption of the euro in Lithuania enabled the country not only to improve its international credit ratings but also to reduce borrowing costs, government-run euro.lt website reports.

Lithuania's State Defence Council has proposed raising the 2016 defence budget by further 150 million euros.

Even though the Lithuanian central bank last week cut its GDP growth forecast for this year, Prime Minister Algirdas Butkevičius says that the government is not planning to revise the national budget, at least for now, adding that EU support should help cushion the impact of slower growth.

Don't tell anyone, but I actually dislike saving money. When I decide to buy something more expensive, like another lens for my camera, I borrow from my wife instead of saving part of my wages for a few months. Then I repay the money according to a pre-set schedule to her just like to a lending comp...

Lithuania has risen to the 19th position among 28 NATO member countries in terms of defence spending after increasing its defence budget.

The Lithuanian parliament's National Security and Defence Committee is holding a discussion on implementation of the agreement signed by political parties to increase defence spending.

As defence funding grows, the proportion of expenditure on appropriations, for sustaining the armed forces and for military purchases, will meet NATO standards in 2015. Minister of National Defence Juozas Olekas says this will allow Lithuania to retain its capabilities and augment the reserve.

Lithuania’s 2015 budget bill will be adjusted if there is reason to believe that the growth of the country’s economy is slightly lower than the currently forecasts, the finance minister has said.

With Lithuania's authorities planning to increase spending on national defence and to compensate for pension cuts, the economy might not grow fast enough to support increases in public spending and the government next year may have to broaden the revenue base and cut back on some expenses, the Inter...

National defence funding will be increased by 400 million litas (over EUR 115 million) next year, Lithuanian Prime Minister Algirdas Butkevičius said on Friday after the ruling coalition's Friday discussion of the 2015 national budget.

The National Audit Office has completed a financial (regularity) audit of the Ministry of Health for the year 2013, says the Office in a statement.