Lithuania in figures (edition 2023)

General government finance

 

 

 

 

The chapter presents statistical information on the general government income, expenditure and debt. All economic entities of the country are divided into 5 institutional sectors. One of them is the general government sector, the main function of which is redistribution of national income and wealth for the benefit of society. The general government sector covers the central government subsector as well as the local government and social security funds subsector. 

 

 

 

In 2022, the total consolidated income of the ge­ne­ral government amounted to EUR 24.1 billion and, compared to 2021, increased by 17.4 per cent. Last year, tax revenue in­creased by 19.2 per cent and amounted to EUR 14.5 billion. Compared to 2021, the total amount of the value added tax collected increased by 20.4, excise duties collected decreased by 0.7, profit tax collected – 35.5, individual income tax collected – 21.2 per cent. Over the year, net social secu­rity con­tributions in­cre­a­­sed by 15.8 per cent and amounted to EUR 6.9 billion in 2022.

In 2022, compared to 2021, consolidated expenditure of the gen­eral govern­ment increased by 15.9 per cent and amoun­ted to EUR 24.5 billion. General go­vern­ment final consumption ex­penditure increased by 13.9 per cent (of which on indi­vidual con­sumption – by 12.6, on col­lective consumption – 16.0 per cent), general govern­ment expenditure on gross fixed ca­pi­tal for­mation increased by 18.4 per cent. In 2022, social bene­fits increased by 12.0 per cent.

 

 

General government sector revenue and expenditure
EUR billion

Created with Highcharts 6.1.411.511.512.512.513.013.013.413.414.214.215.715.717.317.318.118.120.520.524.124.112.512.512.712.713.113.113.313.314.014.015.515.517.117.121.321.321.221.224.524.5Total revenueTotal expenditure2013201420152016201720182019202020212022036912151821242730

The latest and detailed data are available in the Database of Indicators

 

Structure of general government expenditure, 2021

Created with Highcharts 6.1.4Social protection 38.2%Social protection 38.2%Health 15.7%Health 15.7%Education 12.7%Education 12.7%Economic affairs 10.6%Economic affairs 10.6%General public services 8.2%General public services 8.2%Defence 4.9%Defence 4.9%Public order and safety 3.4%Public order and safety 3.4%Recreation, culture and religion 3.2%Recreation, culture and religion 3.2%Housing and community amenities 1.7%Housing and community amenities 1.7%Environmental protection 1.4%Environmental protection 1.4%

The latest and detailed data are available in the Database of Indicators

 

Faster increase in income than in expenditure determined a decrease in general government deficit: from EUR -648.2 million (-1.2 per cent of GDP) in 2021 to EUR -439.9 million (-0.7 per cent of GDP) in 2022. The general government debt (at the end of the period) increased from EUR 24.5 billion in 2021 to EUR 25.7 billion in 2022; the share thereof, compared to GDP, changed from 43.4 to 38.1 per cent respectively. This indicator complies with the Maastricht Treaty criterion, according to which the debt may not exceed 60 per cent of the country’s GDP.

 

 

General government deficit (–)/net surplus (+)
Consolidated data

Created with Highcharts 6.1.4EUR mill.Per cent-920.3-220.0-111.897.8176.4244.6238.7-3,236.6-648.2-439.9-2.6-0.6-0.30.30.40.50.5-6.5-1.2-0.7Deficit/net surplus, EUR mill.Percentage of GDP2013201420152016201720182019202020212022-3,600-3,000-2,400-1,800-1,200-6000600-12-10-8-6-4-202

The latest and detailed data are available in the Database of Indicators

 

General government gross debt
End of the year. Consolidated data

Created with Highcharts 6.1.4EUR mill.Per cent13,550.814,827.615,880.815,446.716,540.315,321.717,526.123,062.524,535.525,672.438.740.542.539.739.133.735.846.243.438.1Gross debtPercentage of GDP201320142015201620172018201920202021202204,0008,00012,00016,00020,00024,00028,00008162432404856

The latest and detailed data are available in the Database of Indicators

 

General government gross debt in the EU states, 2022
Percentage of gross domestic product (GDP), end of the year, per cent

EU 27 – 83.5%

Created with Highcharts 6.1.4172.6172.6141.7141.7112.4112.4111.8111.8111.6111.6104.3104.385.685.678.478.473.973.973.373.372.372.368.268.266.166.157.857.852.352.350.150.149.349.347.247.244.444.444.244.241.041.038.138.132.932.929.829.824.724.722.622.618.518.5GreeceItalyPortugalFranceSpainBelgiumCyprusAustriaHungaryFinlandSloveniaCroatiaGermanySlovakiaMaltaNetherlandsPolandRomaniaIrelandCzechiaLatviaLithuaniaSwedenDenmarkLuxembourgBulgariaEstonia0102030405060708090100110120130140150160170180190200

Source: Eurostat’s database, 23 October 2023.

For further terms, see the Dictionary of Statistical Terms