Lithuanian parliament revises 2022 budget (updates)

• Published date: 17 May 2022
• Publication title: LETA

The Lithuanian parliament on Tuesday voted in favor of revising the 2020 state budget for the second time this year.

The amendments were passed with 68 votes in favor, none against and 23 abstentions, and have yet to be signed into law by President Gitanas Nauseda.

Finance Minister Gintare Skaiste said the revised budget includes measures to cushion the effects of soaring inflation.

"This is the biggest anti-inflationary package in the European Union. It has to be admitted that inflation is the highest as well," Mykolas Majauskas, chairman of the Committee on Budget and Finance, told the parliament.

The government proposed the budget revision in a bid to mitigate the effects of inflation, to subsidize surging high gas and electricity prices for households, to provide aid to war refugees from Ukraine, and to maintain the railway infrastructure and national security.

This...