State budget

President Gitanas Nausėda has welcomed the state budget plan for 2025-2027 passed by the Seimas on Thursday, hailing the Government’s decision on additional funding for defence.

The Seimas has passed the state budget for 2025 which is due to become law once signed by President Gitantas Nausėda.

The Seimas debated the draft state budget for 2025 in a second reading on Tuesday. The draft legislation returned to the Seimas on Friday, after corrections made by the Government.

Prime Minister Gintautas Paluckas says more adjustments to the state budget are possible next year if the need arises. Talks are already underway with the ministries on possible ways to have more funds to meet basic needs.

Prime minister-designate Gintautas Paluckas has mentioned the need to revise the state budget for 2025 so that defence spending would stand at 3.5% of GDP.

The Lithuanian Police Trade Union has accused the Government of ignoring the police community’s needs in the 2025 draft budget.

Lithuania’s Chief of Defence Gen Raimundas Vaikšnoras suggests that the 2025 state budget should set out higher funding for the national defence system. Increased appropriations would allow the political leadership to respond to the needs of the military and implement additional decisions in case th...

Finance Minister Gintarė Skaistė presented a three-year draft state budget to MPs at a plenary sitting on Thursday.

The Saeima on Thursday voted to forward a bill on Latvia’s 2025 budget and budget framework for 2025, 2026, and 2027 to parliamentary committees, thereby starting its adoption process.

Minister of the Economy and Innovation Aušrinė Armonaitė says the Government’s draft budget for 2025-2027 once again reveals the Conservatives’ inability to work in a coalition. She also says greater focus on expanding the economy is missing from the budget plan.

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).

Ukrainians employed in Lithuania have paid a total of EUR 65.2 million in taxes to the state budget in the first seven months of this year, a 25% increase from the same period in 2023, the Ministry of Social Security and Labour said Tuesday.

The Ministry of Finance of Lithuania is drafting the state budget for 2025, with national defence and growing income being among top priorities.

The Lithuanian government proposes to raise the minimum wage from 607 euros to 642 euros before tax and increase the monthly child benefit from 60 euros to 70 euros next year.

Following around 4 hours of discussions, the Seimas of Lithuania on Tuesday adopted the state budget for 2020 with 85 votes in favor, 48 against and three abstentions.

Lithuanian Finance Minister Vilius Sapoka expects that a compromise will be reached on the state's 2020 budget as the bill comes up for a second debate in the parliament on Tuesday.

Lithuanian Prime Minister Saulius Skvernelis says his Cabinet's updated 2020 state budget plan will be balanced to comply with fiscal discipline rules after the parliament has rejected a part of the government's tax proposals.

The revenue and expenditure of Lithuania's 2020 state budget, including EU and other international support, should grow, and the planned budget deficit will be slightly lower than planned this year.

A faster increase in pensions, proposed by Lithuanian President Gitanas Nauseda, will cost the state an estimated 65 million euros in the next two years.

Lithuania's general government budget balance last year moved into positive territory for the first time in 26 years and Finance Minister Vilius Šapoka says that a budget surplus is possible in the future too.