Budget, Financial Services, Legislation, Lithuania
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Friday, 29.03.2024, 11:20
2018 budget draft submitted to Lithuania's government
At the meeting on Wednesday, the Lithuanian government will start
discussing the 2018 budget draft submitted by the Finance Ministry. Under the
bill, the budget revenue should grow by 6.9% (EUR 584.747 mln) from this year's
level to 9.072 billion euros, while the spending will go up by 5.5% (EUR
494.887 mln) to 9.541 billion euros.
The state budget deficit should next year total 468.6 million euros, which
is 16.1% (EUR 89.86 mln) less than projected for 2017 (EUR 558.46 mln).
Virginijus Sinkevicius, chairman of the parliamentary Economic Committee, told BNS on Tuesday
that the budget draft envisages a public sector surplus that would amount to
0.6% of the gross domestic product (GDP), i.e., the revenue should be about 260
million euros above spending. In his words, the money will be transferred to
reserve.