Accounting principle of revenue and costs used in financial accounting based on which revenue is recognised when it is generated, and costs – when incurred despite the date when money is received or spent.

Amount approved in the State budget or municipal budget for expenditure and acquisition of long-term tangible and intangible assets which the appropriation manager has the right to receive during the budget year from the funds accumulated in the State budget or municipal budget, and for financing of the approved programmes.

Tangible, intangible and financial assets which are managed and used and/or disposed by the entity and in exploiting of which economic benefits are expected.

Budget revenue and appropriation plan for a budget year concerned. The State budget, State Social Insurance Fund (SSIF) budget and Compulsory Health Insurance Fund (CHIF) budget are approved by the Seimas of the Republic of Lithuania, while the municipal budget – by the municipal council.

Appropriation managers who have the right to receive funds from the State budget and municipal budget during the budget year to finance the approved programmes, to pay for purchased assets or services from the State budget or municipal budget accounts.

A group of conceptually and statistically similar objects (e.g. municipalities) in which the differences between the objects must be as small as possible and the differences between the clusters as wide as possible. Clusters are characterized by the fact that their size is not necessarily equal, objects enter the cluster according to certain similarities, the shape of the cluster depends on the characteristics of clustering, the objects in the cluster are more similar, and the objects are more different between clusters.

Decrease in economic benefits as a result of used, sold, resold, loss or depreciation of assets and assumption of liabilities leading to decreased net assets, except for its direct decrease. Costs are recognised despite the date when the money is spent.

Grouping of revenue and expenditure by general economic fund accumulation and distribution characteristics.

Cash resources used in performing the delegated functions specified in legal acts regulating the activities.

Money received or receivable by the public sector entities from the State budget and municipal budgets, State Social Insurance Fund, Compulsory Health Insurance Fund, Funds of other resources, European Union, Lithuanian and foreign support funds or other assets designated to achieve the goals set in the statute (regulations) of the public sector entity and to perform the functions as well as to implement the programmes. The financing amounts cover also money received or receivable by the public sector entity, and other assets to fulfil assignments, other funds to cover expenditure of the public sector entity and assets received as support.

Classification of funding sources of programmes financed from the State budget.

Grouping of the government expenditure in order to ensure the implementation of the following functions: general public services, defence, public order and safety, economic affairs, environmental protection, housing and community amenities, health, recreation, culture and religion, education and social protection.

Government budgeting, accounting and payment system (GBAPS) is a system designated to perform financing of the State budget, general government debt and risk management, financial accounting procedures of the State Treasury and promptly manage public financial information flows.

The Life Quality Index (LQI) is a synthetic indicator that covers various aspects of social life conditions, economic situation, health and educational systems, environment and infrastructure.

Liability which emerged due to performed economic transactions and events for which the entity will have to settle in assets in the future and the size of which can be objectively determined.

The difference between total assets and liabilities of the entity.

A residual amount after elimination of total costs of the reporting period concerned from total revenue of the reporting period concerned of the public sector entity.

A part of the strategic and/or annual action plan prepared in accordance with the Strategic Planning Methodology approved by the Government aiming at implementing the appropriation manager’s operational target.

Cash inflows to the budget concerned specified in legal acts: State budget, municipal budgets, State Social Insurance Fund, Compulsory Health Insurance Fund, Reserve (Stabilisation) Fund, state enterprise Ignalina Nuclear Power Plant Decommissioning Fund, Guarantee Fund or Long-Term Employment Benefit Fund.

Economic benefits received, being received or receivable for supply of public services, sales of goods and services, when the value of assets increases or liabilities decrease resulting in an increase in net assets, except for its direct increase. Revenue is recognised despite the date when the money is received.

A set of statutory statements periodically drawn up, which, following the form established by legal acts, presents budget (budget revenue and expenditure) or budget execution data. The statements are drawn up on the basis of the classification of the functions of government, economic classification, classifications of programmes and funding sources.

A set of statements specified by legal acts which is periodically drawn up and which presents financial data on financial position of the public sector entity, its performance and cash flows in accordance with the form set by the public sector accounting and financial reporting standards.

Public sector information system for accounting and consolidation of accounts (VSAKIS) is a centralised consolidation information system designated for the preparation of the set of accounts of all groups of the public sector entity, municipal, public and national consolidated accounts.