aA
Surplus 2018 budget drafts of the Lithuanian state and the state-run social insurer SoDra have been registered at the Lithuanian parliament along with the balanced budget of the mandatory health insurance fund, with the bills to be presented to parliamentarians on Thursday.
Government Hour in the Seimas
Government Hour in the Seimas
© DELFI / Kiril Čachovskij

Prime Minister Saulius Skvernelis has stated that the next year's budget was historic in a few aspects. It is projected with no deficit for the first time in history, with the surplus of the government sector expected to make 0.6 percent of the gross domestic product (GDP), i.e., about 240.7 million euros.

Next year, Lithuania also expects to for the first time cross the NATO-prescribed margin of 2 percent of the GDP for defense spending. In Skvernelis' words, the budget will also have a social focus.

The 2018 budget revenue is projected at 16.082 billion euros, which makes 37 percent of the GDP (35.8 pct in 2017), while spending is expected to stand at 15.839 billion euros or 36.4 percent of the GDP (35.7 pct in 2017).

The budget draft must be submitted to the parliament by Oct. 17. After the first hearing at the parliament, the document will go back to the government for improvement before final approval in December.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Latakas wins competition for Klaipeda Port CEO

Algis Latakas , former production director at Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring...

Leading tech companies in Lithuania: we are displaying crisis immunity

Entrepreneurship and export development agency “ Enterprise Lithuania ” indicates that due to...

Finance Minister: every quarantine week shrinks GDP by 0.5 percent

Economists estimate that every week of the quarantine in Lithuania, introduced to slow the spread of...

Lithuania's Devold says could make 100,000 medical coveralls by late summer

Norwegian-owned Lithuanian textile manufacturer Devold says it could producer around 100,000...

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Top news

Government decided: two more weeks of quarantine

The Lithuanian government on Wednesday extended the existing quarantine for another two weeks but...

Residents ordered to wear facemasks in public flouters face fines

It will be mandatory to wear facemasks in public in Lithuania as of Friday, the country's government...

4th week of quarantine: 912 coronavirus cases in Lithuania

On Wednesday morning Lithuania has already recorded 912 coronavirus cases since the start of the...

Korean in Vilnius: sometimes I feel I’m contained in jar of sardines (1)

It was not an easy two weeks for Lithuanians forced to spend time inside their homes and apartments...

Latakas wins competition for Klaipeda Port CEO

Algis Latakas , former production director at Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring...

|Maža didelių žinių kaina