The Lithuanian government will not discuss a draft budget for 2019 this week after the issue was removed from the agenda of the Cabinet's meeting on Wednesday.
© Shutterstock

Raminta Stanaitytė-Česnulienė, advisor to the finance minister, says the draft budget will be submitted to the government next week at the earliest.

"The draft budget is still being finalized and will reach the government either next week or the week after," the advisor told BNS.

"Everything goes according to plan. The budget will reach the Seimas on October 17," she added.

The Seimas usually sends the document back to the government for improvement and adopts it in December.

Finance Minister Vilius Šapoka has told BNS that the ministry projects a general government surplus of 0.6 percent of GDP next year, unchanged from this year's estimate, but the central government budget will still have a deficit.

According to him, most of the planned additional funding will go toward structural reforms in the areas of education, health, taxes and pensions.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

How blockchain technology will change the world trade?

The field of research of World Trade Organisation chief analyst Emmanuelle Ganne is the application of...

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business...

2018 was marked as the best year for Lithuanian cinema market after the restoration of independence

The Lithuanian film centre have summarized the local box office results - in 2018 distribution reached...

The number of foreign startups choosing Lithuania for starting their businesses is growing

Last year, the Startup Visa received 178 applications of foreign companies for participation in the...

Lietuvos Geležinkeliai starts Rail Baltica territory planning (1)

Lietuvos Geležinkeliai [Lithuanian Railways] is initiating the European gauge Rail Baltica...