Posts tagged as austerity

Finance minister urges austerity as Lithuania’s debt risks breaking EU rules

Wednesday, July 29, 2020

Lithuania’s Finance Minister Vilius Šapoka says the government should not raise its 2021 spending for boosting consumption, as the country is close to breaking eurozone rules on government debt. “[The Finance Ministry] will propose a safe government budget,” Šapoka told the parliamentary Budget and Finance Committee, which is working on next year’s government spending bill, on Wednesday. “What does ‘safe’ means? Raising spending for consumption would not be safe.” He…