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“According to calculations by the Macroeconomic Stability Group in 2025. debt could fluctuate around 60 percent. GDP
At the moment, the debt has increased by 10%, which is one of the strongest growths in the entire history of Lithuania, “he said in the program, but added that for other countries of the European Union (EU), even 60 % GDP indebtedness does not appear to be very high, as the average EU debt exceeds 100%.
It is true that the main risk, according to the Vice Minister, is that as financial market conditions change and interest rates begin to rise, paying debts in the future can be extremely difficult and expensive, especially as the population of the country shrinks and ages.
“If within 20m. More workers would leave the labor market, the debt load per capita would be increasing and could become unbearable. Then, the debts of previous generations should be paid through taxes,” he assured.
When asked if the government now plans to introduce new taxes, he said there is an ongoing debate.
“Some additional taxes are likely to emerge, it is being discussed, but not only related to additional loans.
It is more focused on the vegetation of the economy, green taxes, those taxes that have been discussed for some time both with the public and with international institutions in different formats.
So far, no taxes have been planned that focus solely on debt repayment, ”verified J. Rojaka.
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