aA
The Lithuanian state social insurance fund Sodra's draft budget for 2020 targets a surplus of 326.17 million euros, with revenue projected at 4.841 billion euros and expenditure at 4.515 billion euros.
Social insurance budget planned with EUR 326 mln surplus
© DELFI (K.Čachovskio nuotr.)

The draft budget is expected to be discussed by the Cabinet next week before going to the parliament for approval.

The document sets the pension indexation coefficient at 1.0811 starting in early 2020.

Social Security and Labor Minister Linas Kukuraitis has said recently that the average old-age pension should rise by 8.11 percent to 374 euros next year due to indexation and the average pension for those with the minimum required record of employment should reach 395 euros.

Sodra's 2019 budget projects a 412.064-million-euro surplus, with revenue at 4.455 billion euros and expenditure at 4.043 billion euros.

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

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...

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...

538 new coronavirus cases

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

Lithuania extends lockdown until April (3)

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

Landsbergis: we're ready to share vaccines with Ukraine, once we have plenty of them

Lithuania stands ready to share coronavirus vaccines with Ukraine, once the country has sufficient...

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...