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2015.09.08 13:45

Lithuanian Parliament passes the budget for 2015

Algirdas Acus2015.09.08 13:45

Lithuanian Parliament passed the law on national budget for 2015, the first year of the country's Eurozone membership, with an emphasis on the increased defence spending.

Lithuanian Parliament passed the law on national budget for 2015, the first year of the country's Eurozone membership, with an emphasis on the increased defence spending.

The budget was passed by a vote of 79 to 33, with 23 abstentions. It was adopted by the votes of the ruling Social Democratic majority, with opposition lawmakers voting against the bill.

Next year's budget provides for increasing national defence spending by a third, continuing to compensate for pension cuts made during the crisis, raising salaries for the lowest-paid government employees by 5 percent from March, and increasing the minimum monthly wage to 325 euros from July.

Unemployment benefits are to be raised to the pre-crises level of 1,040 Litas.

The Seimas instructed the government to cut state administration expenses and debt servicing expenses by almost 90 million Litas in 2015 and allocate these funds to culture sector, school students and farmers.

SHOTLIST

Shots from the Parliament

Soundbite (Lithuanian)

ALGIRDAS BUTKEVIČIUS, Lithuanian Social Democratic Prime Minister:
We commit ourselves to implement the budget law, the government will work on it, competent people will work on it, and surely, despite tense geopolitical situation, I can tell you that there will be no financial changes and crises, as well. Thank you.

Butkevičius opens Euro coins mint (recent file footage)

Soundbite (Lithuanian)

ANDRIUS KUBILIUS, Conservative, leader of opposition:
Absolutely, we agree on defence spending increase, we ourselves initiated signing of agreement between the parties. However, we do not agree, because the government violates the provisions of fiscal discipline. It will not decrease deficit to the extent that is necessary. .

More or Parliament

Soundbite (Lithuanian)

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