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

PM to run for president

Lithuanian Prime Minister Saulius Skvernelis announced on Thursday he is to run for president in the...

Security institutions urged to react following LRT investigation, S. Skvernelis sees no issue

That the Lithuanian Farmers and Greens Union is backed by the shareholders of various companies is a...

Political scientist: Skvernelis is good news for Šimonytė

“Skvernelis has a chance. Everyone over 40 has a chance because you can still register,” political...

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...