2024-07-05 18:12:41
“We will have an interesting year, when the outgoing Government will present the budget to the current Seimas, and it will be approved by the new Seimas and possibly amended by the next Government, if it is drawn up by the end of the year, according to the terms of the Constitution, and one-twelfth is not needed. In my assessment, as we see when we are putting together the budget, a lot of the budget decisions for next year have already been made, I. Šimonytė told Info TV on Thursday.
“It’s either certain requirements in the law, like indexing pensions and those things move, or debt servicing costs, which unfortunately are increasing because the interest on very cheap debt is making it more expensive, and that’s an objective thing, you’re going to need to set aside funds for that.” And the education agreement and teachers’ wages, which have been increasing significantly since September,” she explained.
According to I. Šimonytė, next year’s budget will be similar to this year’s, as the country’s defense and education will remain priorities.
“After putting everything together, it can be said that without small movements in one or another priority, basically, the budget will be very similar to this year in the sense that the priority will be national security, defense and education,” said the Prime Minister.
“Just like this year, from the discretionary measures that were additionally allocated and planned, it was defense and education, I think it will be the same in the coming years,” she noted.
in 2024 the budget provided that state income would reach 16.98 billion. EUR, expenses – 20.61 billion euros. The debt of the government sector, according to the adopted project, was supposed to amount to 39.9 percent this year. (excluding the impact of the EU balance and accumulation – 38.9%), deficit – 3%. (without temporary measures – 2.5%). in 2025 it is foreseen that the debt will reach 43.1 percent, and the deficit will reach 2.5 percent.
From this year, the Maastricht criteria are valid again, so the countries of the European Union, including Lithuania, must maintain less than 3%. gross domestic product (GDP) budget deficit and not to have more than 60 percent GDP-sized debts.
2024-07-05 18:12:41