Lithuania's 2018 state budget will be a surplus, and its spending will grow from this year, says Finance Minister Vilius Šapoka, however, refusing to specify any budget-related figures.
Happy to hear that
© FIBA

In his words, the next year's budget will be officially presented on Wednesday.

"We presented the budget draft to all ministers and the prime minister, we discussed all areas in detail, and we think that the draft is rather optimum. We will discuss the final version after a discussion on Wednesday and will then present all the main figures and how they fit the government's priorities," Šapoka told journalists.

In his words, both growing economy and diminishing shadow will contribute more money to the state coffers next year.

Šapoka said the budget redistribution in proportion to the gross domestic product (GDP) would also grow in 2018.

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

New trends in startup world: unicorns' aspiration is not key anymore

The question when the first unicorn with over 1 billion of US dollars in value will appear in the...

Shopping frenzy: biggest retail chains plans allocate millions of euros for new stores

Lithuania's five biggest retail chains – Maxima , Lidl , Rimi, Iki and Norfa – have...

Construction launched on EUR 15 mln hotel in Kaunas

Construction is being launched on a 15-million-euro Moxy hotel, part of the Marriott Group , in...

Revolut moves operation launch date in Lithuania (1)

The United Kingdom's fintech startup Revolut has moved the operation launch date of its specialized...

“Shazam” co-founder before his visit in Lithuania: it will be new experience



You need to fail and learn many lessons before you finally reach your success. This can be proved by...