Lithuanian President Dalia Grybauskaitė has signed next year's state budget bill into law, her office said on Wednesday.
© AFP / Scanpix

Under the bill, passed by the Seimas on Dec. 12, Lithuania projects, for the first time, a general government surplus and is set to meet, also for the first time, NATO's 2 percent of GDP defence spending target.

The government says that the 2018 budget focuses on reducing poverty, boosting national security, improving health care, promoting entrepreneurship and investment, and making municipalities less financially dependent on the central government.

Spending on reducing social exclusion is set to increase by 600 million euros next year compared with this year.

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

Prosecutors: Ambassador to Russia might have committed official misconduct

Lithuanian prosecutors have changed the status of the country's Ambassador to Russia Remigijus...

Police launches probe into journalist Cerniauskas' actions

Lithuania's police has launched a pre-trial investigation into the actions of journalist Sarunas...

Foreign Minister: due to Russia's violations of international law a crisis point in reached

On 16-17 May, the Minister of Foreign Affairs of Lithuania Linas Linkevičius attended a session...

Opposition say won't dance to Karbauskis' tune

Statements by Ramunas Karbauskis , leader of the Lithuanian Farmers and Greens Union (LFGU), about...

Grybauskaite to attend Ukrainian President’s inauguration

President Dalia Grybauskaitė is leaving for Kyiv on Monday, May 20, to attend the inauguration of...