The Presidency's Hints About Spending Now and Saving in the Future Have Irritated the Opposition: "After Me - Even if It's a Flood?"

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Presidential advisor Vaidas Augustinavičius says that the government deficit of 3.8 percent of GDP proposed in next year's state budget draft is reasonable, but will have to return to the 3 percent limit in 2029. This has not gone unnoticed by the opposition, which is aiming to take over the reins of the state from the current rulers at the end of 2028: Conservative Party leader Laurynas Kasčiūnas calls such goals dictated by the Presidency poli…

Lietuvos Radijas ir Televizija

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The President's Chief Advisor on Economic and Social Policy, Vaidas Augustinavičius, says that the government sector deficit of 3.8 percent of GDP proposed in next year's draft state budget is justified, and the 3 percent limit set in the Maastricht criteria will need to be returned to in 2029.

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President Gitanas Nausėda says that it would be unacceptable for him to maintain a budget deficit exceeding the Maastricht criterion limit of 3 percent of gross domestic product (GDP) for a longer period of time - and beyond 2029.

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The President's Chief Advisor on Economic and Social Policy, Vaidas Augustinavičius, says that the general government deficit of 3.8% of GDP proposed in next year's draft state budget is reasonable, and the 3% limit set in the Maastricht criteria will need to be returned to in 2029.