The Approved Budget

The Law on the Approval of Financial Indicators of the State Budget and Municipal Budgets for the Year Concerned approved by the Seimas establishes the following:

• Total revenue and its subdivision by type of revenue;
• Subdivision of income payments made by budgetary institutions to the State budget, State budget revenue from taxes and other resources allocated by laws and other legal acts to programme funding by appropriation manager;
• Total State budget appropriations, their subdivision by appropriation manager for implementation of programmes. Appropriations for expenditure, of which – wages and salaries and acquisition of assets;
• Net change limit of debt liabilities;
• Limit of State guarantees issued during the budgetary year;
• Grants allocated to municipal budgets, total grant reimbursements;
• Municipal borrowing limits;
• Percentage of the personal income tax falling on all municipal budgets from inflows to the National budget, except for the fixed- rate personal income tax paid on gains received from activities performed under business licence.

The three-year State Investment Programme, estimates of the Privatisation Fund, Reserve (Stabilisation) Fund, Ignalina NPP Decommissioning Fund are approved along with the Budget Law.

After the Budget Law comes into force, the State budget appropriation managers adjust and submit to the Ministry of Finance the data on allocation of appropriations by the approved programmes. Upon receipt of the adjusted data, the Ministry of Finance prepares the draft Resolution of the Government of the Republic of Lithuania on Draft Allocation of the Approved State Budget Appropriations by Programmes for the Year Concerned and submits it to the Government.