Lithuania's draft budget for 2018 complies with the fiscal requirements of the Stability and Growth Pact, the European Commission said on Wednesday.
© DELFI / Domantas Pipas

The EU's executive body noted that Lithuania has made some progress in meeting the fiscal recommendations given to it last July and called on the country's authorities to seek further progress.

Lithuania, which joined the Eurozone in January 2015, submitted its draft budget to the European Commission and the Eurogroup for assessment for the third time. This is the first year that the EU's executive body found the country's budgetary plan to be fully in line with the fiscal discipline rules.

The 2018 draft budget projects a general government surplus of around 240.7 million euros, or 0.6 percent of GDP, with general government revenue planned at 16.082 billion euros, or 37 percent of GDP, and expenditure at 15.839 billion euros, or 36.4 percent of GDP.

BNS
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