Budget, Financial Services, Lithuania, Society
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Friday, 26.04.2024, 07:38
Lithuania's 2018 Sodra surplus projected at EUR 218 mln
According to the 2018 Sodra budget draft, the state-run social insurer
should collect 4.23 billion euros in revenue next year, while expenditure
should total 4.012 billion euros. Sodra projects that the 2019 revenue will be
210 million euros above spending, climbing further to 41.8 million euros in 2020.
In 2018, the social insurer expects to receive 132.7 million euros from the
state budget for compensation of the general share of pensions due to the
1-percent decrease in the social insurance pension payment tariff. Next year,
average old-age pensions should grow by about a tenth.
The 2017 Sodra budget suggests that revenue should reach 3.739 billion
euros and spending should stand at 3.707 billion euros, putting this year's
surplus at 31.55 million euros. However, results for the first half of this
year shows that the Sodra budget is doing far better than planned, with revenue
exceeding the target by 11.7% and spending by 5.8%. Sodra chief Mindaugas Sinkevicius projects the
Sodra revenue to be about 100 million euros above spending this year.