Lithuania's 2017 draft budget plan may fall short of the provisions of the Stability and Growth Pact, however, this could be avoided by way of an exception, if the social model is listed as a structural reform, the European Commission has said.
2017 budget
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President Dalia Grybauskaitė signed under the 2017 state budget project which already passed in Seimas.
The President and the new government have stressed a number of times that one of the greatest tasks for next year would be to reduce social segregation. The 2017 budget allocates over half a billion euro to social needs. The Prime Minister promises larger pensions, wages are to rise for educators, p...
After a full day of discussions, Lithuania's parliament on Thursday approved the 2017 state budget, with spending about 0.5 billion euros above the revenue. The budget was supported by 77 of Lithuania's 141 parliamentarians, with 27 against and 14 abstentions.
The excise tax rate for strong alcoholic beverages will rise by 23 percent next March and that for wine and beer will surge by up to 112 percent, which will drive drinks prices up by up to 1 euro per bottle.
The improved 2017 budget of the central and municipal budget envisages that the deficit of the government sector will amount to 0.7 percent of the gross domestic product (GDP), 0.1 percentage points less than stipulated in the first draft.
The Lithuanian parliament on Thursday opened debates on the country's draft 2017 budget and will send the document back to the government for improvement after discussing it.
After the European Commission has asked for clarification from Lithuania over its draft 2017 budget, Finance Minister Rasa Budbergytė says that the EU's executive body wants additional information regarding the government's request for a higher deficit due to the so-called social model. The Finance ...
The Lithuanian finance minister on Tuesday introduced to the parliament a draft 2017 budget that she says focuses on scaling down social exclusion, beefing up national defense and financing the necessary structural reforms.
Lithuania's opposition lawmakers say that next year's budget drafted by the outgoing government is "a semi-finished product" that should not be taken seriously.
Lithuania's government on Wednesday gave its approval to the bill of the financial indicators of the 2017 state budget and municipal budgets before submitting it to the parliament.
Lithuania's Cabinet of ministers will Wednesday open discussions into the next year's budget draft.
Lithuania's draft 2017 budget projects higher revenue and expenses for next year, but is planned with a lower deficit than this year.
