Budget, Financial Services, Lithuania
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Thursday, 25.04.2024, 21:15
Lithuanian government okays improved draft budget for 2019
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The draft plan projects a total of 10.59 bn euros
in central government budget revenue (including EU and other international
support), up by around 3.5 mln euros compared with the initial proposal,
and 11.696 bn euros in expenditure, up by 14.8 mln euros.
This leaves a budget deficit of 1.106 billion euros, up
by 11.3 mln euros.
"The Cabinet of Ministers proposes to increase
municipal budgets' revenue from the personal income tax by 3.4 mln euros and,
according to agreements with education trade unions, to raise by 10 %
pre-school educators' salaries," Finance Minister Vilius Sapoka said
in a press release.
"The key priorities for next year's budget remain
unchanged. The focus will be on six structural reforms, with the largest
increases in spending being on education and science, and health and social
security," he added.
The improved draft state investment program for 2019 through
2021 earmarks 1.104 bn euros for public capital investments, including
711.2 mln euros in EU assistance money.
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