Seimas has completed the first hearing of the 2018 budget draft and sent it back to the cabinet, which will now have to take consideration of the proposals made by MPs and parliamentary committees.
© Reuters / Scanpix

The specified budget draft will return to the parliament in a few weeks – the second hearing is planned for Dec. 7 ahead of adoption on Dec. 12.

Prime Minister Saulius Skvernelis says that changes of the budget draft are inevitable but minimum.

The Budget and Finance Committee, which discussed the budget draft in extensive detail, has proposed that the cabinet's projected revenue from sales of farmland should be directed towards maintenance and reconstruction of melioration equipment and maintenance of the polder system in the Šilutė district. The committee also highlighted the need for additional funding of the Prosecutor General's Office.

The 2018 budget revenue is projected at 16.082 billion euros, accounting for 37 percent of the gross domestic product (GDP), as compared with 35.8 percent this year, while spending should total at 15.839 billion euros or 36.4 percent of the GDP (35.7 pct in 2017).

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

Prosecutor charges Paksas of agreeing to take bribe for his party

The public prosecutor in the influence peddling trial of Rolandas Paksas and Gedvydas Vainauskas ,...

I will stand for president election in any case, Paksas says - media

Rolandas Paksas , the former leader of Lithuania's Order and Justice party and now a MEP, say he...

Seimas takes step toward allowing Paksas to run in elections

The Seimas has made another step towards opening the way for Lithuania's impeached former president...

Seimas to decide on overhaul of party subsidies

The Lithuanian parliament plans on Thursday to make a final decision on an overhaul of the model of...

Seimas to debate amendments allowing Paksas to run in elections

The Seimas plans to debate on Thursday draft constitutional amendments that would pave the way for...