Head of Budget Committee opposes idea of food price regulation

Chairman of the Lithuanian Parliament’s Committee on Budget and Finance Mindaugas Lingė is sceptical about the idea that food prices could be regulated as this would not fit with the country’s economic system.

In an interview to the national television LRT on Wednesday, MP Lingė said that the market regulates prices in Lithuania, with an exception of energy prices that are regulated by the state. According to him, proposals that prices of other goods could be adjusted by the state would make Lithuania similar to Belarus, where Alexander Lukashenko may pass a law to limit prices.