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“.

Fertility clinic is suspected of having hidden EUR 1 mln in revenue

A fertility clinic operating in Lithuania's three largest cities is suspected of having hidden revenue...

Some 169 people turn to police over stolen CityBee data

Some 169 people have turned to Lithuania's police over the theft of their personal information from...

Cinemas saw revenue drop almost 3 times last year

Pandemic-related restrictions pushed revenue and the number of spectators of Lithuanian cinemas down...

Winner of tender to provide coronavirus testing at Lithuanian Airports announced

Lithuanian Airports have announced that the medical testing company „Rezus.lt“ has won a public...

Hacker: I posted everything I have, Citybee data protection was poor

The hacker who has recently leaked data of 110,000 Lithuanian-registered users of the car-sharing...

Top news

Simonyte: people's mobility, virus strains slow improvement of corona situation

People's increased mobility and the British variant of the coronavirus have apparently slowed down the...

Fertility clinic is suspected of having hidden EUR 1 mln in revenue

A fertility clinic operating in Lithuania's three largest cities is suspected of having hidden revenue...

538 new coronavirus cases

On Wednesday, 538 new COVID-19 cases were recorded in Lithuania. In total, the country has already...

Energy minister calls on Ukraine not to buy Belarusian electricity

Barring market access to unsafe electricity from Belarus is key to stopping the construction of the...

Lithuania extends lockdown until April (3)

The Lithuanian government on Wednesday extended the coronavirus lockdown for another month, until...