Today, in Vilnius, Minister of Finance Gintarė Skaistė had a meeting with the new Executive Director of the European Stability Mechanism (ESM) Pierre Gramegna. During the meeting, the ESM reform was discussed, as well as the role of the ESM financial instruments in ...

Today, the Ministry of Finance presented a package of tax proposals centred on convenience, economic growth and fairness. The presented package of tax proposals, according to Minister of Finance Gintarė Skaistė, aims to create incentives for more convenient tax payment, as well as to encourage ...

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, ...

The European Union (EU) investment communication campaign "Essential Changes" initiated by the Ministry of Finance reached the finals in the category of influencer/opinion leader campaigns, in the international Baltic communication competition "Mi:t&links. Baltic Communication Awards 2023". ...

After the Ministry of Finance updated the GDP forecast, the defence spending for 2023 is increased by EUR 97.5 million. This should ensure that up to 2.52 % of the gross domestic product (GDP) is allocated to fulfilling Lithuania's obligations related to NATO membership. "Strengthening national defence is a priority of this Government; ...

The European Commission (EC) submitted an assessment of the first payment request under the plan “New Generation Lithuania”. Indicator 31 consisting of planned reforms and investments was approved. Lithuania will receive over half a billion euros in subsidies for these achievements. "We have received the official ...

Today, the Council of the European Union and the Parliament officially approved the "REPowerEU" regulation, according to which Lithuania is provided with a new EUR 194 million grant aimed at strengthening the resilience, security and sustainability of the energy system. The "REPowerEU" initiative presented by the ...

Today, the Board of Directors of the European Investment Bank (EIB) approved a EUR 1 billion loan to Lithuania. The loan is to ensure co-financing of projects financed under the Programme for the European Union (EU) Funds’ Investments 2021-2027. "The loan by the European Investment Bank is an important step in ...

Today, the meeting of Minister of Finance Gintarė Skaistė with Executive Vice-President of the European Commission ...