The revenue of the state budget, including EU and other international financial support, will total over EUR 10.59 billion.
‘Next year’s budget is oriented towards structural reforms, reduction of poverty and accumulation of the future reserve. The expenditure is mostly set to grow in the areas where reforms are being implemented, namely, in the fields of education, science, healthcare and social security,’ said Vilius Šapoka, Minister of Finance.
According to the Minister of Finance, adherence to fiscal discipline, the changing macroeconomic environment and the need to build up a reserve were taken into account when drafting the budget. The reforms implemented under the 2019 budget will, in the medium-term, boost the gross domestic product of the country and create jobs.
The appropriations for reimbursement of expenses and acquisition of assets, including EU and other international financial support, will amount to EUR 11.696 billion in the state budget for 2019. The appropriations exceed the revenue by nearly EUR 1.106 billion. In total, EUR 5.7 billion will be allocated for social security, with education and healthcare each receiving EUR 2.2 billion. Wage costs will stand at almost EUR 1.646 billion while appropriations for asset acquisitions will amount to nearly EUR 810 million in the next year’s budget.
The Law on the Approval of the Financial Indicators of the State Budget and Municipal Budgets for 2019 was adopted by 84 votes in favour, with 41 votes against and 5 abstentions.
