Prime Minister Algirdas Butkevičius has assured that the government of Lithuania is not planning to propose any new tax laws in the nearest future.
Algirdas Butkevičius
© DELFI / Mindaugas Ažušilis

According to the prime minister, budget collection results in January have been positive, but it is too early to talk about, for example, reducing VAT by at least 1 percent.

"I do not believe that we will be submitting draft tax laws now. We are monitoring the geopolitical situation and external effects on our economy," the prime minister said after the Government's sitting on Wednesday.

Butkevičius said he met with experts of economy on Tuesday who gave their economic growth projections which varied by 1-3 percent. Therefore, the government will not rush with tax law amendments. Butkevičius emphasised the necessity to redistribute public finances so that wages may be increased.

"Perhaps we can talk more specifically about this in June or July," said Butkevičius.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Early voting continues, kicks off at embassies

Early voting in Lithuania's presidential runoff and European Parliament elections continues in...

Police busted armed gang of 22 persons in international operation

Lithuania's police said on Wednesday it was involved in an international operation which led to...

Meilutyte retires from professional swimming

Lithuania's Olympic champion Ruta Meilutyte announced her decision on Wednesday to end her...

Former Estonian president shares his insights why US is behind in digital breakthrough


Colorful and always with a smile on his face. This is how many people remember a former Estonian...

Planes were too close during Marijampole incident but there was no real threat

Several planes got too close over Lithuania's southern city of Marijampole in April but there was no...