OPEN LITHUANIAN FINANCE
This website opens up systemized and detailed data on Lithuanian public finances, the sources of which are sets of budget execution and financial statements. The purpose of data opening is to ensure the publicity of state financial data, to stimulate interest in the state financial management processes, to create preconditions for greater transparency and comprehensibility of the activities of public sector entities.
STATE, MUNICIPAL AND FUND BUDGETS
The Lithuanian budget system consists of the State budget of the Republic of Lithuania, autonomous budgets of 60 municipalities, budgets of the State Social Insurance Fund (SSIF), Compulsory Health Insurance Fund (CHIF) and other funds. Budget revenue and expenditure for the upcoming budget year is planned based on planning documents approved by the Parliament and Government, legal acts regulating the structure of the budget, adherence to fiscal discipline, national medium-term economic development scenario, strategic and other documents. The budget expenditure should not exceed the approved budget plans. The execution of the budget revenue and expenditure plan is reported in the budget execution statements on annual basis. This section presents general aggregated data on revenue and expenditure plan of all budgets as well as its execution data.
NATIONAL FINANCIAL INDICATORS
National financial indicators are based on the national set of financial statements. The national set of financial statements is a form of accountability to the public, when financial data about total assets, liabilities, performance and cash flows of all public and municipal institutions and bodies is put into the public domain. This information allows to decide on the public sector performance, effectiveness of management and use of resources.
BUDGET DATA
GENERAL GOVERNMENT DEBT
General government debt is the aggregate amount of the obligations assumed, but not discharged yet by the general government entities entitled to borrowing in respect of the repayment to creditors of the funds borrowed under government securities which were distributed, including loan agreements, leasing (financial lease) agreements signed and other debt instruments.
MUNICIPAL LIFE QUALITY INDEX
In order to analyse the long-term sustainability of the financial structure of Lithuanian municipalities, applying the European best practice based on standard expenditure needs and fiscal capacity assessment tools, the EU support project developed a methodology for calculating the Life Quality Index (LQI) and dividing municipalities into clusters. The municipal LQI shows the differences between Lithuanian municipalities in 2013 – 2020. Life Quality Index is the result of an aggregation system of simple indicators classified into six categories: Material living conditions; Entrepreneurship of inhabitants and business competitiveness; Health services; Educational services; Demographic, civil and public activity; Public infrastructure, quality and safety of the living environment.