After a full day of discussions, Lithuania's parliament on Thursday approved the 2017 state budget, with spending about 0.5 billion euros above the revenue. The budget was supported by 77 of Lithuania's 141 parliamentarians, with 27 against and 14 abstentions.
Saulius Skvernelis, Ramūnas Karbauskis
© DELFI / Andrius Ufartas

The Seimas discussed more than 50 proposals on earmarking of additional funds, however, did not satisfy a single one after a no-go vote from the government.

The administrative sector's deficit will next year make 0.7 percent of the gross domestic product (GDP), which is 0.1 percentage points more than envisaged in the initial draft prepared by the earlier government. In light of the remarks from the European Commission (EC), the structural deficit of the government sector will total at about 1.2 percent next year, which is a decline by 0.1 percentage points.

The 2017 budget revenue, including funds of the European Union and other international financial aid, stands at 8.519 billion euros, up by 43 million euros from the first version, whill allocations grow by 10 million euros to 9.07 billion euros.

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

Lithuanian ESO EUR 200 mln. tender is on it’s way

Preparation for the tender of smart electricity meters by Lithuanian energy distribution system...

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...