The meeting discussed the new EU fiscal rules, Lithuania's commitments under the Recovery and Resilience Facility (RRF) plan, the EC initiatives for a more favourable business environment, the EU's support to Ukraine, and other issues of relevance to Lithuania and the Community.
"Greater productivity in the EU economy, its resilience, and a favourable regulatory environment for businesses are crucial today not only as a foundation for the growth of our societies' well-being. They are also a necessity for strengthening the EU's role in a competitive global environment that is not without security challenges. My Government views these shared European objectives as highly important and will work closely with the European Commission to achieve these goals together," said Prime Minister G. Paluckas.
The 19th Government is committed to reducing bureaucratic barriers at the national level and will therefore support and actively contribute to the EC's initiatives to simplify rules and reduce barriers at the European level, the Prime Minister added.
The meeting also covered the fiscal policy recommendations for Lithuania and next year’s draft national budget, which has been revised by the new government to align with its programme commitments.
As the Head of Government emphasised, given the threat posed by Russia not only to its neighbouring countries but also to Europe as a whole, EU-wide instruments for defence borrowing are particularly needed today. This is especially important as Member States’ defence spending has increased significantly in recent years, particularly in countries neighbouring Russia.
In the discussion on the commitments in the RRF Plan, Prime Minister Paluckas stressed the importance of flexibility in implementing national reforms. This flexibility is essential to ensure that the impact of reforms and investments is truly sustainable and aligned with the high ambitions and benchmarks of a competitive, resilient, high value-added economy.
