Trends of activities of the Committee on Economics shall be:
1) to prepare and consider drafts of laws, resolutions and proposals of the Seimas on the development and regulation of Lithuanias economy, the management, use, disposal of and privatisation of the State property;
2) to submit conclusions and proposals on the strategy, assessment of macroeconomic indicators and prognoses of the development of Lithuanias economy;
3) to prepare and consider drafts of laws, resolutions, and proposals of the Seimas on the legal regulation of the activities of economic entities (setting up, activities, reorganisation, competition, bankruptcy of enterprises);
4) to consider drafts of laws and resolutions referred to the committee by the Seimas, to prepare and submit conclusions related to the issue;
5) to discuss international legal acts pertaining to the issues within the competence of the committee;
6) to consider and submit proposals concerning the draft State Budget submitted by the Government, on the issues within the competence of the committee;
7) to consider and submit proposals and conclusions on the State Investment Programme;
8) to exercise parliamentary control of administrative and control institutions of the branches of economy (Ministry of Transport, Ministry of Economy, State Competition and Consumer Protection Office, Privatisation Commission, State Property Fund, State Pricing and Energy Control Commission, Public Procurement Office, State Nuclear Power Safety Inspectorate, Lithuanian Economic Development Agency), to submit proposals and recommendations concerning improvement of the activities thereof; and to participate in the preparation of draft laws relative thereto;
9) to examine the use of allocations for the Ministry of Transport, Ministry of Economy, State Competition and Consumer Protection Office, Privatisation Commission, State Property Fund, State Pricing and Energy Control Commission, Public Procurement Office, State Nuclear Power Safety Inspectorate, Lithuanian Economic Development Agency, and the programmes and investment projects under the sight of the above mentioned institutions;
10) to co-ordinate the activities of interested public authorities and other organisations in the course of preparation of draft laws and resolutions, on the issues within the competence of the committee;
11) to co-operate with the confederations, associations and other institutions representing economic entities (employers), employees and consumer rights, on the issues within the competence of the committee.
