PUBLICATION OF LITHUANIAN FINANCIAL DATA
SHORT INFORMATION ABOUT THIS PROJECT
The Ministry of Finance of the Republic of Lithuania together with the Information Society Development Committee, the Special Investigation Service of the Republic of Lithuania and the Association of Local Authorities in Lithuania is implementing the project “Development of the Information System for the Publicity of Data on income and expenditure of State and Municipal Institutions in the electronic space”. This project is financed under measure No. 10.1.2.-ESFA-V-916 “Implementation of National Anti-Corruption Measures” of Priority 10 “Public Interest Based and Advanced Public Management” of the European Union Funds Investment Program for 2014-2020. The aim of the project is to publish information on income, expenditure and other financial data of public sector entities in the information system for open finances as well as to increase the accessibility of information to the public and promote the involvement of the society in the processes ongoing in the state.
During the implementation of the project a website was created where systematized and detailed data on Lithuanian public finances, including information on budget execution and sets of financial statements, are published. Electronic search and analysis tools allow to find and analyze the financial activities of state and municipal institutions and bodies, the use of state financial resources. It also allows system users to download the data.
PUBLIC DATA SUBJECTS, THEIR GROUPS, LEVELS OF ANALYSIS OF INDICATORS
The website allows to view, filter and analyze government finance data in a variety of sections and levels, from the national level, which includes aggregated (total) government, municipal, social security and monetary fund data, to detailed institution-level data.
Data are presented in different ways of visualization:
- A table or matrix table;
- Bar chart;
- Combined chart;
- Pie chart;
- Maps.
PUBLIC DATA GROUPS
- Budget indicators - indicators of the budget revenue and expenditure plan of the general government subsectors and individual institutions and its implementation. Budget data are presented on a monetary basis - i.e. transactions are shown by the date the money was received or paid.
- Financial statement set indicators - performance and financial condition reports. Data in the financial statements include disclosure of assets, liabilities, income and expenses for the year. Data from financial statements are disclosed on an accrual basis – i.e. transactions are displayed according to their actual date, regardless of when the money is received or paid.
DATA SETS
The data sets generated in the system are presented in an open format for public users to download information. Metadata descriptions are provided in accordance with the DCAT-AP specification recommended for the opening of data by European public sector bodies.
The following datasets are provided:
- State, Municipal, Fund budget revenue;
- State, Municipal, Fund budget expenditure;
- Municipal revenue;
- Municipal expenditure;
- State budget revenue;
- State budget expenditure;
- Data from the report on the financial position of the State, Municipalities, Funds (national level);
- Data from the performance report of the State, Municipalities, Funds (national level);
- Data from the statement of financial condition of the public sector entity (including consolidated financial statements);
- Data from the performance report of the public sector entity (including consolidated);
- Scheme for the consolidation of financial data;
- Data on payments to recipients of the State budget funds.
PERIODICITY OF DATA
Budget data include budget revenue and expenditure plans and their execution in the quarters of the reporting year.
Budget data are presented on a monetary basis – i.e. transactions are shown by the date the money was received or paid. The financial statements include disclosures about assets, liabilities, income and expenses during the year. Data from financial statements are disclosed on an accrual basis, i.e. transactions are displayed according to their actual date, regardless of when the money is received or paid.
The data on the website is updated periodically.
DATA UPDATE SCHEDULE
Budget revenue and expenditure data are periodically updated on the site:
- Annual plan is published by May 2 of the current year;
- Data for the first quarter of a year – by June 1 of the current year;
- Data for the second quarter of a year – by September 1 of the current year;
- Data for the third quarter of a year – by December 1 of the current year;
- Data for the fourth quarter of a year – by April 1 of the following year.
The above deadlines do not apply to the publication of the State Social Insurance Fund‘s (SSIF) and Compulsory Health Insurance Fund‘s (CHIF) budgets’ revenue and expenditure data which are updated by July 1, October 1 of the current year and January 1, June 1 of the following year. Until these dates, preliminary data about SSIF and CHIF budgets are used to calculate the revenue and expenditure of the state, municipal and fund budget.
Data on the financial statements of public sector entities are published annually by October 20 of the following year.
According to the latest data provided by the Official Statistics Portal, the Open State Social Insurance Fund Board Portal and the Civil Service Department the information on quarterly and annual statistical indicators is updated by June 1, September 1, December 1 and April 1. Gross domestic product, number of employees, number of civil servants and average earnings are published on a quarterly basis, while all other statistical indicators are provided as annual.