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Public debt is projected to be 47.5 percent in 2020. of GDP, in 2021 – 51.9 percent, in 2022 – 50.5 percent, in 2023 – 52.1 percent.
This year, the budget balance should reach -7.6 percent. GDP, -7% in 2021, -2.8% in 2022, -2% in 2023.
The government’s improved state budget project estimates its revenue at $ 11.25 billion. The appropriations will amount to EUR 15.83 billion. The budget deficit will reach 4,570 million euros. euros. The government’s debt limit is set at 4,030 million. euros.
Members of the Seimas had submitted 58 proposals for the project, but the government did not approve most of them.
The offer of Žygimantas Pavilionis for 44 thousand. for the Permanent Representative of the Seimas to the Congress of the United States.
The proposal of the parliamentarian Laurynas Kasčiūnas for 100 thousand. to reduce the credits of the Special Investigation Service for the acquisition of real estate and to allocate them to compensation for seniority, and for Artūras Žukauskas’ proposal to increase the credits of the Ministry of Education, Science and Sports by 11.7 million euros. to compensate for the development of digital education and learning losses caused by the coronavirus pandemic.
The proposal by the members of the Seimas Tomas Vytautas Raskevičius, Dainius Kepenis, Tomas Bičiūnas, Eugenijus Gentvilas and Sergejus Jovaiša to increase the credits for the Office of the Ombudsman for the Protection of Children’s Rights by 19 thousand was also partially approved. EUR: will be used for the severance pay of the controller.
President Gitanas Nausėda has not yet signed the draft budget before 1 January. Parliament is scheduled to approve the draft budgets for Sodra and the Mandatory Health Insurance Fund on Wednesday.
Some changes
Finance Ministry Delfi explained why the new government’s improved project is expected to collect € 7 million from property tax. EUR, that is, almost 30%. plus.
“The legislation stipulates that the appraisal of real estate for tax purposes is carried out at least every 5 years. The last mass valuation was carried out at the end of 2015 and the values determined during the valuation were used to calculate the property tax for the tax periods of 2016-2020.
As of the 2021 tax period, the new approved mass valuation documents will enter into force, which will determine the new tax values of the properties, which are also evaluated in the improved budget project, ”the Ministry responded.
In addition, the ministry commented on several other increases in appropriations.
“To ensure the implementation of the activities of the Ombudsman’s Office for Equal Opportunities (increase in the number of employees), an additional 65 thousand LTL were assigned. euros.
Following the presentation of the preliminary draft budget, on November 11, the Government approved a resolution reorganizing the Lithuanian Social Research Center, the Lithuanian Institute of Law and the Lithuanian Institute of Agrarian Economics, merging them into a new institution, the Lithuanian Center for Social Sciences, as of January 1, 2021.
The Lithuanian Center for Social Research will not stay next year and will not be awarded credits. The funds of the three merged institutions, that is, 2,241 million. The improved project foresees a new institution: the Lithuanian Center for Social Sciences ”, the Ministry representatives pointed out.
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