Lithuania's economic stimulus plan may contain unnecessary projects – state auditor

  • 2020-08-04
  • BNS/TBT Staff

VILNIUS - The Lithuanian government's 6.3-billion-euro stimulus plan to revive the economy after the COVID-19 crisis, entitled The DNA of the Future Economy, may contain projects that are not necessary for the state and provide no stimulus to the economy, Deputy Auditor General Zivile Simonaityte said on Tuesday. 

"We see risks that the State Investment Program's long-frozen projects that were regarded as not very important for Lithuania may be included in the plan," she told reporters. 

The National Audit Office has launched an assessment of COVID-19 actions that will show if the investments and expenditures envisaged in the plan serve the purpose of stimulating the economy. The results are expected to be announced in the autumn, according to Simonaityte.  

The Finance Ministry says the plan earmarks about 6.3 billion euros in long-term investment by the end of 2021. These include 2.2 billion euros for new additional investment and 4.1 billion euros for accelerating investment that was already planned.

The Plan for the DNA of the Future Economy focuses on five priorities: human capital, digital economy and business, innovation and research, economic infrastructure, and climate change and energy.