GDP

Lithuania's new Finance Minister Gintare Skaiste acknowledges that she was forced to direct almost all of her attention to the coronavirus pandemic and the 2021 budget bill during the first days in office. But, she says, discussions on the future of the taxation system should start next year, as wel...

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general government deficit and stabilizing the growth of debt relative to GDP, Finance Minister Vilius Sapoka said on Tuesday.

Lithuania's defense budget is projected to exceed 2 percent of GDP in 2021, according to the Defense Ministry.

Lithuania's general government deficit is estimated at 5 percent GDP next year, the country's Finance Ministry announced on Wednesday, having presented next year's budget bill.

Lithuania’s budget deficit will reach 8–9 percent of GDP this year, but should decline steadily from 2021 towards the balance that should be achieved in several years’ time, an advisor to Lithuanian President Gitanas Nauseda said, adding that next year, the budget deficit should amount to approximat...

Lithuania's gross domestic product contracted by a seasonally and calendar-adjusted 4 percent in the second quarter of 2020 from a year ago to 11.609 billion euros at current prices, revised figures showed on Monday.

The European Commission sees Lithuania's gross domestic product (GDP) contracting by 7.9 percent this year due to the COVID-19 pandemic and in particular its dampening effect on domestic demand.

Lithuania's forecasted GDP contraction due to the coronavirus crisis will bring the country's defense budget down, forcing the military to revise some development plans and save funds, Defense Minister Raimundas Karoblis said on Friday.

The revenue and expenditure of Lithuania's 2020 state budget, including EU and other international support, should grow, and the planned budget deficit will be slightly lower than planned this year.

Lithuania's Finance Ministry is not changing its outlook and continues to estimate that the country's economy will slow next year, although it still will exceed the EU average.

Lithuania's economy will grow at the slowest rate among the Baltic countries, the International Monetary Fund (IMF) forecasts. Faster growth is also expected in Poland.

Как сообщили журналистам спикер Палаты представителей Нэнси Пелоси, лидер демократов в Сенате Чак Шумер и лидер демократического меньшинства в нижней палате Стэни Хойер, встреча президента Трамп с лидерами Конгресса в Белом доме оборвалась, едва начавшись.

Lithuania formed a surplus 2018 state budget for the first time since regaining independence in 1990, says Finance Minister Vilius Šapoka, adding this is necessary amid fast economic development and the need to accumulate reserves for a rainy day.

Surplus 2018 budget drafts of the Lithuanian state and the state-run social insurer SoDra have been registered at the Lithuanian parliament along with the balanced budget of the mandatory health insurance fund, with the bills to be presented to parliamentarians on Thursday.

Lithuania's 2018 state budget will be a surplus, and its spending will grow from this year, says Finance Minister Vilius Šapoka, however, refusing to specify any budget-related figures.

Lithuania's government is this week opening debates into the 2018 budget draft, with the document to be presented to ministers on Monday before being discussed at the government's meeting on Wednesday.

Lithuanian Prime Minister Saulius Skvernelis said on Wednesday that he saw no signs of crisis after Ramūnas Karbauskis, chairman of the ruling Lithuanian Farmers and Greens Union (LFGU), mentioned earlier in the day that another global economic crisis might be on the way.

Lithuania's general government budget balance last year moved into positive territory for the first time in 26 years and Finance Minister Vilius Šapoka says that a budget surplus is possible in the future too.

Lithuania's economic indicators are no longer having an impact on emigration flows, a new trend that has been observed in recent years, the head of the Vilnius office of the International Organization for Migration (IOM) said on Tuesday.