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

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

Structure of general government expenditure, 2021

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.