Seimas speaker not worried about budget warnings from EC
Wednesday, November 18, 2015
Lithuania's draft budget for 2016 allows for conservative optimism, says Loreta Graužinienė, speaker of the Seimas. According to the parliament's leader, there is no risk that budget spending would exceed income in 2016 more than projected.
The European Commission published its assessment of budgetary plans submitted to it by eurozone countries. Commenting on Lithuania's 2016 national budget draft, the EC says it strays too much from fiscal discipline targets and that Lithuania might fail to keep structural deficit below 1 percent of GDP. Lithuania's prime minister has responded that the government is not planning to revise the budget.