Trends of activities of the Committee on the Budget and Finance shall be:
1) to consider the draft State Budget of the Republic of Lithuania presented by the Government to the Seimas for approval, and to submit a review of the conclusions of all the committees;
2) to exercise general and continuous control of the State Budget execution;
3) in conjunction with other committees, to prepare conclusions regarding the accounts of the State Budget execution;
4) to prepare drafts of laws and other legal acts, as well as proposals pertaining to the budget and finance;
5) to prepare and present conclusions concerning the draft laws which exercise influence on the State Budget revenue and expenditure;
6) to discuss and present conclusions as well as proposals pertaining to the draft laws on taxes and special funds, the procedure of financing institutions and organisations maintained from the budget, their expenditure standards, the standards of the formation of municipal budgets, the budget allocations for the implementation of various programmes, and for the maintenance of the Seimas and its staff;
7) to exercise parliamentary control of the use of State property and the activities of the Ministry of Finance and the Bank of Lithuania, and to present proposals and recommendations relative thereto;
8) to consider draft laws referred to the committee, to prepare conclusions and to examine issues of financial accounting, accountability and audit.
