There are good things in next year's budget, like the increase of national defence budget, but Lithuania will also begin to lose its reputation with international financial institutions and finance markets, Andrius Kubilius, the leader of the opposition in the Seimas (parliament), told Žinių Radijas radio.
The Lithuanian Seimas (parliament) has adopted its state budget for 2016 and its expenditures exceed its revenues by 640 million Euros. The deficit budget was adopted in a vote of 76 for, 34 against, and 14 abstentions. The budget's revenue, together with the European Union's funds, is expected to amount to 8.046 billion Euros. Expenditures, on the other hand, are projected to reach 8.686 billion Euros.
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