Finance Minister Rimantas Šadžius has said that the bill does not include any proposals to introduce new taxes next year. He added that initiatives to introduce taxes on cars or property would be discussed in future.
The government expects its revenues to grow by approximately 800 million litas (EUR 231.88m) next year, mostly as a result of economic growth and increase in wages as well as improvements in tax collection.
Nearly one-third of the planned increase in revenues will be spent on raising wages of civil servants, politicians and officers who would be paid extra 250 million litas pursuant to a recent decision of the Constitutional Court.
Extra 66 million litas will be given to schools that are short of students so that they can remain open.
More funds will be allocated to the Presidential Office (slightly over 17 million litas more than this year), the Seimas Chancellery (98 million litas) and the Chancellery of the Government (35.5 million litas) as well as to courts (200.5 million litas).
The government next year plans to borrow around 11.5 billion litas, with most of the money to be used to repay earlier debt and to accumulate funds for redeeming a Eurobond issue falling due in early 2015.
Revenues of Lithuania‘s central government budget, including EU and other international support funds, in 2014 should reach 25.84 billion litas. Appropriations should reach 26.692 billion litas, and the deficit should be 851.708 million litas. The amount of EU‘s and other international support should decline by 2.2 percent, or 162.8 million litas, to 7.383 billion litas.
