aA
Lithuanian Prime Minister Saulius Skvernelis says his Cabinet's updated 2020 state budget plan will be balanced to comply with fiscal discipline rules after the parliament has rejected a part of the government's tax proposals.
Prime Minister vows to balance 2020 budget after tax proposals rejected
© DELFI / Josvydas Elinskas

According to Skvernelis, his Cabinet will not follow in the footsteps of Gediminas Kirkilas' government which was criticized for over-spending ahead of the 2009 crisis.

"The submitted state budget is balanced, in accordance with the fiscal discipline law," the prime minister told reporters on Wednesday. "Yesterday, the Seimas reduced the revenue part of the budget and now we will have to reduce the expenditure part, too."

"We have two weeks; the bills will be debated in the Seimas, in committees, and we will see what balance we will have," Skvernelis said.

"When (the package) is reintroduced, we'll submit a strictly balanced budget, because this government will definitely not do it the way Kirkilas' government did and will not leave the state in a financial disaster," he added.

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

Lithuania bans Russian gas imports except transit to Kaliningrad

Lithuania has passed a law banning Russian natural gas imports into the country, except for gas...

Key Lithuanian companies protected from Russian, Belarusian control

As Latvia last week banned Russian and Belarusian legal or natural persons from holding stakes in or...

Lithuania and Kazakhstan aim to develop economic ties and transport connections

Lithuania and Kazakhstan seek to increase the volume of bilateral trade through much closer...

Court: Belaruskali and LTG contract posed threat to national security

The contract between Belarusian fertilizer producer Belaruskali and Lietuvos Gelezinkeliai (Lithuanian...

Two more sanctioned companies may be placed under temporary administration

Lithuania's Financial Crime Investigation Service (FCIS) mulls placing under temporary administration...

Top news

Anusauskas: NATO leaders approve decision on brigades on eastern flank

NATO leaders in Madrid on Wednesday confirmed their intention to increase the Alliance's forces...

Nauseda hopes for "good start" on air defense at NATO summit

Lithuanian President Gitanas Nauseda says the NATO summit in Madrid will give a good push to the...

Defence Minister: cyber attack organizers look for weak spots may target businesses

Organized Russia-linked cyber attacks against Lithuania have reached such a large scale for the first...

Landsbergis: EU concessions on Kaliningrad transit would create extra problems

The European Commission's concessions to sanctions on the transit of some goods between mainland...

Lithuania bans Russian gas imports except transit to Kaliningrad

Lithuania has passed a law banning Russian natural gas imports into the country, except for gas...