Finance of Lithuania is a Zone of Disaster!

Published: 14 July 2000 y., Friday
E.Kuniavichene, "moderate" conservative, has shared her attitude on the Lithuanian budget: tax collection was 26 % lower than it was in the similar period of 1998 in June. We of course go back to 1998 not by accident: vagnorists then were in zenith of authority. And the national economy, as they consider nowadays, was in zenith of prosperity; but soon the Russian crisis came and spoiled everything.

40 % increase in unemployment and 3 billions Lt of internal budget debt are all the result of the “new policy”. Taking into account this debt total liabilities of the state reach 36 % from GNP. The country is inclined to the level of 1995-96. If during four years of a cadence the left have saved up debt of 7 billion, the followers G.Vagnorius during one year have added 3,5 billion to it." Having such statistics it is possible to declare that the finance of the country is a zone of disaster and to give the name of Disastrous policy the New policy,” E.Kuniavichene thinks.

The present cabinet is continuing a rigid fiscal policy and "notorious liberalization" by that was started by R.Paksas and the refusal of which might be the reason of such a pitiable position. Thanks to G.Vagnorius’s "severe actions" and fines that are imposed and flying checks, during one and half year of his board the average salary has grown half as much again and 38 thousand new workplaces were created.

According to her, the strategy A.Kubilius has offered has nothing in common with economy. Economy is refusal of unnecessary charges. However, reduction of pensions and grants, of salaries to teachers and doctors is not economy, but reduction of financing, which, in its turn, leads to reduction of tax proceeds. Under such circumstances intention of the government to mitigate penalties for malicious tax evasion twice must be considered as full capitulation before smugglers with which G.Vagnorius struggled so vigorously, - E.Kuniavichene thinks.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

The U.S. has made a decision to transport shipments via Lithuania

President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport. more »

Budgets Committee backs EU Solidarity Fund aid for France and Portugal

EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday. more »

European Investment Bank to provide technical support for sustainable and climate resilient water projects in Samoa

The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme. more »

Single Market Forum: A Europe for businesses and consumers after 2012?

Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties. more »

Blueprint for energy security

Strategy to secure a sustainable EU energy supply and support economic growth over the next decade. more »

EU Globalisation Adjustment Fund: Parliament backs aid for Irish workers

EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday. more »

Afghans hope saffron will oust Opium

Saffron farmers in western Afghanistan hope to oust opium as a harvest crop. more »

€114,250 form EU Globalisation Fund to help 189 former workers in Polish shipbuilding sector

The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF). more »

Vision for European industry

New plans for EU industry to create jobs while keeping manufacturing in Europe. more »

€ 3.5m from European Globalisation Fund to help workers in Spanish textile and construction sectors

The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF). more »