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
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...