State budget

Parliament revises 2022 budget

The Lithuanian parliament on Tuesday voted in favor of revising the 2020 state budget for the second time this year.

Lithuanian parlt approves electricity, gas price compensation plan

Part of the recent sharp increase in electricity and natural gas prices for residents and businesses in Lithuania will be compensated from the state budget...

Central banker speaks out against wide distribution of state compensations

Gediminas Simkus, board chairman of the Central Bank of Lithuania, is generally positive about the government's proposed anti-inflation package but...

Government proposes to raise non-taxable income, pensions and social benefits

The Lithuanian government proposes to increase the non-taxable income threshold, old-age pensions, social assistance benefits and child allowances, and...

Lithuanian government proposes to up defense spending to 2.5 pct GDP

The Lithuanian government on Wednesday agreed to increase the country's defense spending by almost 300 million euros and proposes to the country's parliament...

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