Rimantas Šadžius EN

Lithuania's 2016 public spending on brink of violating fiscal rules

The National Audit Office criticised Lithuania's national budget for 2016, saying it was based on excessively optimistic tax collection expectations....

2016 budget law submitted to Lithuanian parliament

The Seimas, the Parliament of Lithuania, has accepted for consideration the 2016 state draft budget law after discussions and questions to Finance Minister...

Finance minister says Lithuania's GDP could still grow over 2 percent in 2015

Finance Minister Rimantas Šadžius believes there still is a chance that at the end of 2015 Lithuania's gross domestic product ( GDP ) growth will exceed...

Lithuania's 2016 budget is aimed at boosting consumption, finance minister says

Lithuanian Finance Minister Rimantas Šadžius says that next year's budget has been drafted to give a boost to the country's slowing-down economy,...

European Commission criticizes Lithuania for poor VAT collection

The level of VAT revenue collected in Lithuania is well below that which could be collected, the European Commission has said.