Lithuanian President Dalia Grybauskaitė has signed next year's state budget bill into law, her office said on Wednesday.
© AFP / Scanpix

Under the bill, passed by the Seimas on Dec. 12, Lithuania projects, for the first time, a general government surplus and is set to meet, also for the first time, NATO's 2 percent of GDP defence spending target.

The government says that the 2018 budget focuses on reducing poverty, boosting national security, improving health care, promoting entrepreneurship and investment, and making municipalities less financially dependent on the central government.

Spending on reducing social exclusion is set to increase by 600 million euros next year compared with this year.

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

Social Democrats appeal to STT over business financial support for “Farmer” candidate

The Lithuanian Social Democratic Party (LSDP) has appealed to the Special Investigation Service...

D. Grybauskaitė awarded for merits to prosecution system

In the commemoration of the Lithuanian prosecutors’ establishment centenary, President Dalia...

Lithuanian party membership conditions to be eased for EU citizens

On Tuesday, the Seimas passed amendments to the political party law prepared by the Ministry of...

PM dismisses criticism of gender inequality in his all-men cabinet

Lithuanian Prime Minister Saulius Skvernelis on Friday dismissed criticism that Lithuania might...

Founding and operation conditions for civic electoral committees should be more similar to parties’ – political scientist

With a third more civic electoral committees aiming to participate in the municipal elections than...