The Lithuanian parliament Thursday passed the law on national budget for 2015, the first year of the country's eurozone membership, by a vote of 79 to 33, with 23 abstentions.
© DELFI / Tomas Vinickas

The budget was adopted by the votes of the ruling majority, with opposition lawmakers voting against the bill.

The Seimas instructed the government to cut state administration expenses and debt servicing expenses by almost 90 million litas in 2015 and allocate these funds to cultural workers, school students and farmers.

Next year's budget provides for increasing national defence spending by a third, continuing to compensate for pension cuts during the crisis, raising salaries for the lowest-paid government employees by 5 percent from March, and increasing the minimum monthly wage to 325 euros from July. Unemployment benefits are to be raised to the pre-crises level of 1,040 litas.

The VAT rate for district heating is to be increased to the standard rate of 21 percent, from the current 9 percent, from July. However, the VAT rate for hotels is to be reduced to 9 percent, from 21 percent.

The non-taxable real estate threshold is to be lowered to 750,000 litas, from 1 million litas, and the tax rate is to be cut to 0.5 percent, from 1 percent.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Big win for Lithuania's conservatives in latest opinion poll

The ruling Lithuanian Farmers and Greens Union (LFGU) in April lost its top position in the...

Foreign minister expects Ukraine to stay on course after election

Lithuanian Foreign Minister Linas Linkevicius expects that Ukraine will not change its course after...

Court: intelligence info about Lithuanian ex-minister as untrue

A Vilnius court recognized on Friday that the State Security Department 's (VSD) allegations about...

Russian suspect in visa bribery case released on bail

Rinat Nasirov , a Russian citizen suspected of giving a bribe to have a Schengen visa issued by...

Lithuania calls on Estonia to coordinate actions following Moscow visit

Lithuanian Minister of Foreign Affairs Linas Linkevicius on Friday called on Estonia to coordinate...