The Lithuanian parliament adopted the government spending budget for 2022 on December 14.
Seventy-one MPs voted in favour of the budget bill and four abstained.
Many opposition MPs left the room before the vote. They said they were protesting the absence of the ruling coalition MPs when the opposition was presenting its suggestions.
All MPs of the conservative-liberal ruling coalition voted in favour of the bill, as did one opposition MP.
Representing the ruling conservative Homeland Union (TS-LKD), Mykolas Majauskas, chairman of the parliamentary Budget and Finance Committee, said the government budget would raise people’s income, which was very important amid growing prices.
“More than 1 billion euros is being allocated for that,” he estimated.
Next year’s budget revenue is estimated at 14.381 billion euros, including EU funds, with expenditure planned at 16.628 billion euros.
The general government deficit is projected at 3.3% of GDP.
Lithuania’s central government debt is estimated to reach 44.8% GDP next year, up by 1% from this year. (LRT/Business World Magazine)
