The budget of the Lithuanian National radio and Television (LRT) will rise 2.8 million euros next year, compared to this year's budget.
© DELFI / Šarūnas Mažeika

According to the 2019 budget bill, the national broadcasters will be allocated 41.6 million euros, almost 7 percent more than this year (38.8 million euros).

"Since 2015 when LRT lost the possibility to receive revenue from commercial advertising, as an alternative, a mechanism was introduced by the law, linking its funding with the residential income tax," Vice Minister of Finance Darius Sadeckas told BNS Lithuania.

The LRT budget is directly linked to the state budget and receives 1.5 percent of the state budget's residential income tax revenue and 1.3 percent of excise revenue.

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

Ruling party moves to cut MP seats to 121

Lawmakers of the ruling Lithuanian Farmers and Greens Union (LVŽS) say that will table a new draft...

Health minister to table new hospital network reform amendments

Lithuanian Health Minister Aurelijus Veryga and several lawmakers said on Friday they are submitting...

Agrokoncernas pledges to stop buying fertilizers from Rotenberg

Agrokoncernas , a business group owned by Ramūnas Karbauskis , leader of the ruling Lithuanian...

ForMin advises against having business with sanctioned Russians

Lithuania's Ministry of Foreign Affairs recommends Lithuanian companies to refrain from business deals...

Lithuanian govt has no position on recognizing same-sex marriages, PM says

Lithuania's government has no position on recognizing same-sex marriages, and the interior minister,...