Lithuanian President Dalia Grybauskaitė criticized on Tuesday the ruling bloc's "vague" plans to overhaul the pension and tax systems and warned against raising expectations that cannot be delivered.
© DELFI / Andrius Ufartas

"Such reforms, especially the vague tax reform, baffle both people (in Lithuania) and foreign investors," Grybauskaitė told reporters after a meeting with the board of the Seimas.

"My position is clear: there is no need to spoil what is working and to create expectations that cannot be realized," she said.

The president added that the same held true for the planned pension system overhaul.

Grybauskaitė also noted that Lithuania had become "a laggard" in the absorption of EU funds, using a mere 19 percent of EU money in 2017, and called on the Seimas to ensure that the process remains smooth during a change of government.

Prime Minister Saulius Skvernelis said in mid-February that he expected laws on the tax reform to be passed by the parliament by July and to take effect in early 2019.

Skvernelis said that the reform would include an overhaul of the second-pillar pension system and amendments aimed at reducing the tax burden, including that on labor.

He said that the government would not table any proposals regarding tax increases.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

US court dismisses ex-Lithuanian judge's extradition appeal

A US court has dismissed an extradition appeal by Neringa Venckiene , a former Lithuanian judge and...

Survey: President tops popularity rating

Lithuanian President Gitanas Nauseda tops the popularity rating in the country, according to the...

Lithuania joins group of countries condemning Beijing's treatment of Uighurs

Lithuania has joined a group of countries condemning China 's treatment of the Uighur ethnic...

Vilnius mayor: government not pulling out of stadium project

Vilnius Mayor Remigijus Simasius says Lithuanian Prime Minister Saulius Skvernelis has assured him...

New chief of defense: I am a realist and don’t dream about things we cannot have

Lithuania's incoming chief of defense , Major General Valdemaras Rupsys , says he will seek to...