Lithuania’s economy continues to demonstrate resilience in the face of challenges. The updated economic development scenario of the Ministry of Finance foresees that economic growth of the country will remain positive this year and will reach 0.5 %. In 2023, the average annual inflation is expected to be lower than ...

On Wednesday, the Government approved the plan for the preparation of draft financial indicators for the 2024 State budget and municipal budgets. It provides for that this year, the institutions will be consulted earlier on the needs for the functions and activities carried out, thus giving them clarity on financing. Meanwhile, the negotiations on the financing of ...

On 13-14 March, Vice-Minister of Finance Mindaugas Liutvinskas will participate in the meetings of the Eurogroup (EG) and ECOFIN in Brussels, where the greatest attention will be paid to the revision of the EU fiscal rules. The economic and financial impact of Russia's war against Ukraine will be ...

The Ministry of Finance and the Bank of Lithuania prepared the draft law aimed to channel part of unexpected banks’ profits to finance military mobility and military transport infrastructure projects. The  initiative proposes to set impermanently the rate of 60 % for the temporary solidarity contribution on net interest income of banks and credit institutions, ...