Lithuania's government on Tuesday backed the bill on the 2019 state and municipal budget with a 0.4 percent GDP of public finances.
Vilius Šapoka
© DELFI / Karolina Pansevič

According to the document, the state budget's revenue is set to rise 19.7 percent, or 1.516 billion euros, to 10.587 billion euros, and expenditure will increase 22.2 percent, or 2.121 billion euros, to 11.681 billion euros. The state budget's deficit will stand at 1.095 billion euros, up 2.2 times, or 605.369 million euros, from this year's planned deficit of 489.171 million euros.

The fast rise in budget revenue and expenditure is related to the planned tax overhaul (the consolidation of taxes on the employee's side), as well as the transfer of the funding of the general part of the social insurance pension to the state budget.

Finance Minister Vilius Šapoka told the government sitting on Tuesday that revenue and expenditure of municipal budget should stand at around 2.9 billion euros next year.

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

Norwegian IT company Omega to double headcount of Klaipėda office

In 2006, the Lithuanian port city of Klaipėda welcomed the Norwegian company Omega, which develops...

Metro. Who will be the first?

World experience shows that the longest and most expensive metro construction phase is a political...

Wellness start-up Urban establishes development office in Lithuania

Urban was founded in 2014 by Jack Tang and Giles Williams to provide easy and affordable access to...

Profits in Lithuanian banking sector highest since 2007 (1)

Lithuanian banks and branches of foreign banks in Lithuania earned almost 358 million euros (406...

Alternative lending in Baltics is taking market share from traditional banks and credit unions

In the ever-growing European alternative finance market, Lithuania - together with other Baltic...