Committee on Budget and Finance

Parliament lets state borrow up to EUR 5.4b

The Seimas of Lithuania has on Tuesday increased the state's net borrowing limit from 904.6 million to 5.4 billion euros as additional funds are necessary to...

President says decisions on state bank only possible after parlt election

President Gitanas Nauseda believes that the idea of setting a state-owned commercial bank in Lithuania should be given consideration, but any decisions on...

Parliament adopts 2020 state budget

Following around 4 hours of discussions, the Seimas of Lithuania on Tuesday adopted the state budget for 2020 with 85 votes in favor, 48 against and...

Corporate income tax for banks will be raised to 20 percent

The corporate income tax rate for banks and credit unions is set to rise to 20 percent, from the current 15 percent, in January.

Ruling party leader: new retail tax will not be imposed in January

The leader of the ruling Lithuanian Farmers and Greens Union admits that the proposed new turnover-based tax on major retailers will not be introduced in...

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