To secure a closer monitoring and coordination process of economic and fiscal policy between the euro area countries, on 15 October each year the euro area countries have to provide the European Commission with draft national budgets. After receipt of the draft budgetary plans, the European Commission assesses them and delivers the opinion on compliance of the national budget indicators with the requirements of the European Union Stability and Growth Pact, gauges the national measures for the implementation of the country-specific recommendations of the Council of the European Union.
Lithuania submits the draft budgetary plan since 2015, when the country became the member of the euro area.
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