Ministry of Finance

Lithuania has exceeded tax collection targets for January-May this year, the Ministry of Finance says.

Lithuanian citizens still have a tough time accessing data about how state institutions are using taxpayer’s money.

Revenues collected by municipalities around Lithuania increased in 2015 with 57 municipalities receiving more than €80 million in extra revenues in 2015, according to Ministry of Finance data.

With about six months left to the next general election, cutting taxes is all the rage in the Lithuanian parliament. MPs have submitted several bills suggesting cutting value-added tax (VAT). Some proposals have been discussed more extensively than others, but there is still no clear agreement on a ...

Lithuania’s Ministry of Finance has significantly revised down its forecasts for GDP growth in 2016 to 2.5% for the year, down from the 3.2% growth predicted last year.

Lithuania's Prime Minister Algirdas Butkevičius has named Rasa Budbergytė as the candidate to replace Finance Minister Rimantas Šadžius.

Lithuania's central government and municipalities collected €1.132 billion in taxes over January-February 2016, exceeding the target by €25.1 million, or 2.3%, the Finance Ministry said.

The teachers' trade unions involved in the nearly two-week-long strike for higher wages in Lithuania have announced that they are prepared to call off their strike as early as Friday. Audrius Jurgelevičius, the leader of the Lithuanian Education Trade Union, told LRT that he believes that the trade ...

The Bank of Lithuania has proposed regulations for the insurance investment market, aimed at strengthening consumer protection and capping how much insurance companies can charge for asset management.

Neringa, the municipality located on Lithuania's picturesque Curonian Spit, has become a Mecca for the country's rich and famous. However, second home owners, who spend most of the year in Vilnius and other major cities, are a mixed blessing for the beautiful region.

This January, the national budget and municipal authorities collected 2% (€12.1 million) more tax revenue than planned and 7.1% (€41 million) more than in the same period last year, according to the preliminary data of the Ministry of Finance.

Teachers plan a march of protest and a rally in Vilnius on Monday.

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the...

The Ministry of Finance has proposed an overhaul of Lithuania's State Tax Inspectorate (VMI), cutting the number of regional divisions in half.