06-09-2023
The Government approved the Implementation Report of the Operational Programme for the EU Funds’ Investments
The Government approved the Implementation Report of the Operational Programme for the European Union (EU) Funds’ Investments 2014-2020 prepared by the Ministry of Finance. The Report reviews the progress of the EU funds’ investments and presents to the ministries the recommendations for the investment risk management.
“The European Union investments remain one of the most important sources of public investments, thus every euro must be invested in a wise and targeted way. Looking at the expiring EU financial period 2014-2020, Lithuania is among the leading countries effectively investing the Cohesion Policy funds. This is also reflected in the results of this quarter – Lithuania ranks first in terms of funds disbursed by the European Commission. It is vital that all EU investments contribute to Lithuania’s long-term economic growth”, said Minister of Finance Gintarė Skaistė.
Lithuania ranks first among all EU Member States in terms of funds paid by the European Commission to the Member States. Lithuania received 96 % of the financing allocated to Lithuania in 2014-2020, including the advance paid to the country. As of the start of the financing period till 31 July this year, EUR 7.4 billion (105 %) of the EU funds were distributed to projects, and during the implementation of projects a total amount of EUR 6.5 billion (92 %) has been invested.
In the report, the Ministry of Finance presented to other interested ministries the proposals for the necessary steps to be taken in the near future in order to implement risky projects on time.