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It also aims to restrict the use of funds allocated for the representation of the Bank of Lithuania (LB), to publicize them and to report on where and to whom the funds were spent. Now they receive 15%. ALC manager salary.
Such amendments to the Bank of Lithuania Law are tabled by 10 parliamentarians belonging to various parliamentary factions.
Liberal Kęstutis Glaveckas proposed reducing the ALC manager’s salary by a fifth last week.
Prime Minister Saulius Skvernelis stated that if he received a salary as chairman of the Council of the Bank of Lithuania, he would agree to reduce it by at least a third. According to Ramūnas Karbauskis, the leader of the “peasants”, the fact that the salaries of Vito Vasiliauskas and other central bank managers are higher than those of the heads of state is an “abnormal situation”.
V. Vasiliauskas agreed that politicians could change the law that determines their salary, but warned that their contract is based on current regulations, and to change their salary, the approval of the European Central Bank would be required.
LB announces that the average salary of a board member at the end of March was 10,994 euros before taxes.
The remuneration of the President of the Board of the Bank of Lithuania established by the Law of the Bank of Lithuania depends on the average salary of employees of commercial banks and other financial institutions.
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