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Budget 2017 – who will be better of next year?

The President and the new government have stressed a number of times that one of the greatest tasks for next year would be to reduce social segregation. The 2017 budget allocates over half a billion euro to social needs. The Prime Minister promises larger pensions, wages are to rise for educators, police officers. However the Seimas opposition says that without structural reform, it will be difficult to reduce poverty and social segregation. […]

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Economy

Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest

Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]