Lithuania should prepare for a possibly drastic decline in European financial aid in the new European Union (EU) budget after 2020, says MP Stasys Jakeliūnas, chairman of the parliamentary Committee for Budget and Finance.
© Company archive

Speaking at a conference at the parliament on Thursday, he warned that some sectors, such as construction and information technologies, were too dependent on EU money.

"Since 2009, I have been raising the question about of possible structural dependence of public finances some sectors of our country's economy on the money of EU support. Given that the money accounts for around 4 percent of the GDP, the question is indeed reasonable," Jakeliūnas, a member of the ruling Farmers and Greens Union, said at the event.

In his words, the parliament has asked the Finance Ministry, the central Bank of Lithuania and other institutions to work out "plans of handling the economic dependence of public finances."

Jakeliunas told BNS that the EU support to Lithuania could decline after adoption of the new long-term financial perspective in 2020, furthermore, contributions will also stop from Great Britain that will have left the community. In his opinion, aid to Lithuania could shrink by 10-15 percent after 2020.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Įvertink šį straipnį
Norėdami tobulėti, suteikiame jums galimybę įvertinti skaitomą DELFI turinį.
  • 1
  • 2
  • 3
  • 4
  • 5
(0 žmonių įvertino)
0
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanians borrow less, but larger amounts and more responsibly

The Lithuanian non-bank financial sector is showing maturity: the consumer credit market survey of...

Crisis looks bigger through the eyes of fear, yet statistically insignificant

Last year, the rate of enterprise failure decreased by fivefold and credit ratings of companies...

Socially responsible business: growth opportunity or a rehabilitation centre for the disabled?

The Lithuanian Parliament (the Seimas) intends to oblige companies employing the disable d to...

A new co-working space UMA GO9 in downtown Vilnius will be filled with Nordic motifs of nature

On the top floor of a premium shopping center GO9 more than 2,000 square meters co-working space UMA...

FinTech companies showed avid interest in the LBChain project

The LBChain project has garnered significant attention among European FinTech companies: with 21...