aA
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.

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

Employers advised to organize work remotely if possible

The Lithuanian National Public Health Center recommends that employers organize work remotely where...

Ryanair launches new route from Vilnius

Low-cost carrier Ryanair announced a new Vilnius route to Leeds Bradford, flying three times per...

Tighter checks at Lithuanian-Belarusian border push up haulers' costs

Lithuanian haulage companies are facing delays and increased costs after Belarus has stepped up...

Palanga Airport is preparing for reconstruction: runway and parts of apron to be renewed

Palanga Airport is preparing for an important reconstruction in the autumn of 2021, as the runway of...

Skvernelis sees EU's proposed emission cut target as achievable (1)

The European Commission 's proposal to cut greenhouse emissions in Europe by 55 percent by 2030 is...

Top news

Employers advised to organize work remotely if possible

The Lithuanian National Public Health Center recommends that employers organize work remotely where...

Lithuania may need over EUR 100 mln to buy coronavirus vaccines (1)

Lithuania may need over 100 million euros to purchase COVID-19 vaccines , the country's prime...

Tighter checks at Lithuanian-Belarusian border push up haulers' costs

Lithuanian haulage companies are facing delays and increased costs after Belarus has stepped up...

45 new coronavirus cases

On Monday, 45 new COVID-19 cases were confirmed in Lithuania . Overall, 3859 coronavirus cases have...

Ryanair launches new route from Vilnius

Low-cost carrier Ryanair announced a new Vilnius route to Leeds Bradford, flying three times per...

|Maža didelių žinių kaina