President criticizes government's pension, tax system reform plans

Lithuanian President Dalia Grybauskaitė criticized on Tuesday the ruling bloc's "vague" plans to overhaul the pension and tax systems and warned against raising expectations that cannot be delivered.

"Such reforms, especially the vague tax reform, baffle both people (in Lithuania) and foreign investors," Grybauskaitė told reporters after a meeting with the board of the Seimas.

"My position is clear: there is no need to spoil what is working and to create expectations that cannot be realized," she said.

The president added that the same held true for the planned pension system overhaul.

Grybauskaitė also noted that Lithuania had become "a laggard" in the absorption of EU funds, using a mere 19 percent of EU money in 2017, and called on the Seimas to ensure that the process remains smooth during a change of government.

Prime Minister Saulius Skvernelis said in mid-February that he expected laws on the tax reform to be passed by the parliament by July and to take effect in early 2019.

Skvernelis said that the reform would include an overhaul of the second-pillar pension system and amendments aimed at reducing the tax burden, including that on labor.

He said that the government would not table any proposals regarding tax increases.

Source: BNS
Please log in or comment anonymously
You are logged in or comment anonymously
Commenting anonymously or login
Post
Add Your Comment
Latest news