Lithuania's Prime Minister Saulius Skvernelis has restated plans of raising pensions, if the country's economy grows, adding that this would not depend on political will.
© DELFI / Andrius Ufartas

"We are saying very clearly and I hope that this (the size of pensions) will not depend upon political will, this is linked with the growth of our economy. If the economy continues growing, it will mean we will be able to speak about indexing pensions. If the current processes continue, we could expect to index the pensions and raise them by 23-24 euros, if our gross domestic product grows 2.6-2.7 percent," Skvernelis told journalists at a news conference on Monday.

Last December, the prime minister said the pensions would grow by further 23 euros in 2018, if the state revenue continues swelling.

Average old-age pensions went up by about 20 euros to 287.6 euros in January. Lithuania's government at the end of last year decided to increase pensions in 2018 and 2019 by respective 6.9 percent and 6.8 percent.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuania's budget gets EUR 4 mln of "nobody's money" after FNTT probes

4 million euros, officially recognized as having no owner, have been transferred to the state budget...

Lithuanian govt hopes papal visit will encourage religious tourism

Lithuania's government hopes the upcoming papal visit will encourage religious tourism in the country...

Lithuania ahead of Latvia, Poland, but behind Estonia on social progress index

The social environment in Lithuania is better than in Latvia and Poland, but worse than in Estonia,...

PM to invite European retailers to invest in Lithuania

Lithuanian Prime Minister Saulius Skvernelis says he plans to invite 12 European major retail chains...

Akmenė awaiting ground-shaking investment

Lithuania's northern district of Akmenė barely lags behind other cities in Šiauliai County in terms...