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Finance Minister: Lithuania’s 2013 budget drafted in view of ongoing excessive deficit procedure

Ingrida Šimonytė
Irmanto Gelūno / 15min nuotr. / Ingrida Šimonytė
Šaltinis: BNS
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Lithuania’s 2013 budget has been drafted in view of ongoing excessive deficit procedure against the country, Finance Minister Ingrida Šimonytė has said.

“This budget bill has been drafted considering that the excessive deficit procedure against Lithuania has not yet been lifted,” she told the MPs while introducing Lithuania’s budget bill for 2013 on Tuesday.

She noted that some expenditures included in the next year’s budget increased as a result of certain decisions, which had been adopted by the Seimas (parliament) without “harmonizing them with the next year’s budget and without considering the government’s view”. Therefore, possibilities to increase funding for other areas or “unfreeze” wages or other payments were minimal.

The incumbent government expects the country’s fiscal deficit to account for 2.5 percent of gross domestic product next year.

BNS
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