Analytics, Legislation, Markets and Companies, Shadow economy

"Determined decisions of the Government produced tangible financial results in the fight against shadow economy," the PM said, the press service of the Seimas reports.

 According to him, last year diesel fuel sales rose by almost one-fifth and the budget revenue was higher due to more budget revenue coming from efficient collection of excise duty. Even so, we need to be faster, more discerning and more inventive when it comes to the fight against shadow economy, Butkevicius says.

In his speech, the PM highlighted the decision to transform the entire system of business supervision in order to shed more light on the functions of the stakeholders and reduce the high number of inspectors.

Among the important tasks ahead, he listed the reform of the childcare system, export diversification, reform of the heat and power systems, renovation of the residential stock, energy projects, meaningful celebration of the 100th anniversary of Lithuania, as well as creation and implementation of a new social model.