Lithuanian President Gitanas Nauseda says he will not sign into law in a budget bill that does not comply with the fiscal discipline requirements.
Gitanas Nausėda
© DELFI / Kiril Čachovskij

"One red line is very obvious (…). If this goes against our constitutional law on fiscal discipline, I won't be able to sign it," he told reporters at the Pabrade military training area on Wednesday.

The president declined to comment on individual draft laws, which are still being "chaotically" debated at the parliament, but reiterated his criticism of initiatives to introduce tax changes along with next year's new budget without a longer transition period.

"There has been a lot of chaos, but it will have to end within the next few weeks, because we must adopt the budget," Nauseda said.

"When we have a final frame, a final budget bill, we'll talk then," the president said.

"I do see a problem with imposing taxes that take effect next day," he added. "We've done that before in this country and nobody liked it."

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

Coming soon: Tesla supercharger in Kaunas

It seems that Tesla hopes more its cars in Lithuania.

Sources: Lithuania is offered EUR 97 mln to shift to climate-neutral economy

The European Commission offers to provide 97 million euros to Lithuania to help it transition toward...

Suspicions brought against Grigeo Klaipeda's three employees over pollution

Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo...

Counting its chickens: twice as many foreign start-ups chose Lithuania last year

While competition between start-up ecosystems in Lithuania and other countries is growing rapidly,...

Scientists: circular economy is not only about recycling

Lithuania, like other small open economies in Eastern Europe, is often characterized by linear...