State budget

Reduced 5 pct VAT rate on online media approved (1)

Lithuanian will apply a reduced VAT rate of 5 percent on electronic media – newspapers, magazines and other periodicals – from January 2021, a move...

President approves makeup of Simonyte Cabinet (1)

Lithuanian President Gitanas Nauseda said on Monday he has signed a decree to approve the makeup of the center-right Cabinet of Prime Minister Ingrida...

Nausėda condemns ex-speaker's remark about Tomasevski

Lithuanian President Gitanas Nauseda condemned on Tuesday a recent remark by Arunas Valinskas , a TV show host and a former parliamentary speaker, about...

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

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...

Defense spending to reach 2.01-2.09 percent of GDP next year

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

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