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.
Vilius Šapoka
Vilius Šapoka
© DELFI / Kiril Čachovskij

"Despite these various discussions and diverging views at the (Seimas) committees, I believe we will find a common denominator and both the Seimas and the president will agree with the government's view," Sapoka told the Ziniu Radijas radio station on Tuesday morning.

"Since all three major authorities have taken an active role in the formation of this budget, (...) we will certainly find those compromises," he added.

According to the minister, budget discussions are "perhaps more sensitive" ahead of next year's parliamentary election.

"Compared with previous years, many things are very similar. We received a lot of proposals from MPs for an additional 1.8 billion euros," Sapoka said.

"What is new is that the president's office has been very active in submitting proposals both on the spending and revenue sides," he said.

The share of GDP redistributed through the public budget is on the rise in Lithuania, according to the minister.

Under the government's draft budget for 2020, the share is to increase to 31.6 percent of GDP next year, compared with 29.5 percent in 2017, Sapoka said.

"This leap is a big one, and I don't think any other EU country could boast of such a rapid increase in redistribution," he added.

The budget bill was sent back to the government for improvement after the first debate in late November and now returns to the parliament which should take a final vote on the budget bill either on December 12 or 17.

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

airBaltic plans to resume flights to London, Dublin and Dubrovnik but has no permits yet

Latvian airline airBaltic says it plans to resume flights from Vilnius to London and Dublin in...

Lithuanian company offers solution for international control of coronavirus test and vaccine

After the global coronavirus pandemic began in Wuhan it has affected people all over the world....

Avia Solutions Group to sel Baltic Ground Services Poland

Avia Solutions Group , the largest aerospace business group from Central & Eastern Europe, has...

Paysera has new vice president for development abroad

Starting June 1, Marius Pareščius , IT expert, businessman, and innovator, will be responsible for...

Palanga airport set to reopen with 1st flight since lockdown

Hungary's Wizz Air is on Tuesday relaunching its regular service between Palanga and Dortmund,...

Top news

Remains of political prisoners in Kazakhstan to be reburied

Lithuania plans to rebury the remains of political prisoners buried at the Rudnyk Cemetery in...

Military training restrictions eased as COVID-19 situation improves

Lithuania is easing military training restrictions as the coronavirus situation in the country is...

11 new coronavirus cases in Lithuania

On Friday, 11 new COVID-19 cases were recorded in Lithuania. Overall, there have been 1704 cases...

Group of MPs propose granting asylum to Hong Kong people

A group of Lithuanian lawmakers representing different political groups in the country's parliament is...

Pakrante entertainment area opens besides Zalgirio Arena

Nemunas island will be buzzing this summer, as a new entertainment area called Pakrante opened...

|Maža didelių žinių kaina