Lithuania’s Prime Minister Algirdas Butkevicius and Lithuania’s Minister of Finance Rimantas Sadzius said that restrictions on cash settlements were meant to help to fight the shadow economy in the country, reports ELTA.
According to Butkevicius, he registered such a law draft when he was the member of the Seimas.
“This was my idea. I have been talking about it for a long time. When I was member of the Seimas, I registered the law draft,” said Butkevicius.
According to the prime minister, the restrictions on cash settlements are intended to reduce the size of the shadow economy. “This would be the way to fight the shadow economy (..). I think that this would be one of the measures to reduce the corruption in the country,” said Butkevicius.