Budget, Financial Services, Lithuania

International Internet Magazine. Baltic States news & analytics Monday, 04.12.2023, 19:57

Lithuanian central government deficit at EUR 3 b in January-October

BC, Vilnius, 01.12.2020.Print version
The Lithuanian central government sector's deficit reached 2.99 bn euros in January-October 2020, versus a surplus of 352.2 mln euros in the same period last year, the Finance Ministry said.

The sector's revenue came in at 11.34 bn euros and expenditure amounted to 13.9 bn euros. 

Most of the revenue came from taxes and social contributions, at 56.3% and 34.1% of the total revenue, respectively.

Some 55.2% of the total spending was on social payments. Another 11.3 mln euros went to subsidies, and 11.5% to salaries and social insurance.

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