Lithuania's Budget Deficit Likely to Exceed 3% Next Year, PM Says
6 Articles
6 Articles
President Gitanas Nausėda's chief advisor on economic and social policy says the country's leader would justify a government deficit exceeding 3% next year in order to maintain defense funding.
Budget deficit over 3% justified for the sake of defense – Adviser to the President of Lithuania
Budget deficit over 3% justified for the sake of defense – Adviser to the President of LithuaniaGitanas Nauseda's chief economic adviser, Vaidas Augustinavicius, said that the head of state is ready to justify the deficit of funds in the...
President Gitanas Nausėda's chief advisor on economic and social policy says the country's leader would justify a government deficit exceeding 3% next year in order to maintain defense funding.
After statements that next year's budget deficit may exceed 3 percent of gross domestic product (GDP), allegedly due to investments in the country's defense, the Seimas opposition doubts this and claims that fiscal discipline is being abandoned more quickly due to generous promises included in the cabinet's program. Prime Minister Mindaugas Sinkevičius, an advisor to the president, hinted that Lithuania may not comply with the Maastricht criter…
The President's Chief Advisor Vaidas Augustinavičius says that in order to maintain sufficient defense funding, Lithuania could exceed the budget deficit level set by the Maastricht criteria next year.
President Gitanas Nausėda's chief advisor on economic and social policy says that the country's leader would justify a government deficit exceeding 3% next year in order to maintain defense funding.
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