Based on the provisions of legislation of Lithuania and the European Union, at the end of 2012 the Ministry of Finance prepared the Description of the Procedure for the Assessment of the Bias of Budget Revenue Plans and the Preparation of Conclusions on the Bias in the Ministry of Finance, which establishes objective criteria for evaluation of the bias of the budget revenue plans.

The aforementioned Description was prepared in implementation of Government of the Republic of Lithuania Resolution No 1460 and the provisions of the Republic of Lithuania Law on the Budget Structure (paragraph 5 of Article 37). Thus, the provision on forecasts for budget revenue subject to unbiased evaluation based on objective criteria of Council Directive 2011/85/EU of 8 November 2011on requirements for budgetary frameworks of the Member States has been transposed to the national law of Lithuania.


Last updated: 14-03-2024