Activities

The remit 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 budgetary policy implementation and the state budget execution;

3) to prepare, together with other committees, conclusions regarding a national set of financial statements, a state set of consolidated statements;

valid as of 1 January 2023:

3) to prepare, together with other committees, conclusions regarding a national set of annual statements, a state set of annual statements;

4) to prepare and consider drafts of laws and other legal acts and proposals regarding the budget, taxes, public debt, banks, financial markets and financial services, fiscal policy issues and to present conclusions thereon;

5) to prepare and present conclusions concerning draft laws affecting the revenue and expenditure of the state budget;

6) to discuss and present conclusions and proposals regarding draft laws on taxes, monetary and resource funds, the procedure for financing agencies and organisations maintained from the budget, financial indicators of municipal budgets, budget allocations for the implementation of various programmes and for the maintenance of the Office of the Seimas;

7) to exercise parliamentary scrutiny of the use of state property and activities of the Ministry of Finance and the Bank of Lithuania and to present proposals and recommendations relative thereto;

8) to consider reports and opinions of the National Audit Office of Lithuania submitted to the Seimas and/or the Seimas Committee on the Budget and Finance;

9) to present proposals on parliamentary assignments to the National Audit Office of Lithuania to perform public audit not foreseen in the annual activity plan of the National Audit Office of Lithuania;

10) to analyse legal acts adopted by international financial institutions as well as institutional practices, to present proposals and conclusions regarding them to the Seimas;

11) to examine the use of the financial support of the European Union;

12) to analyse activities of banks and other financial market participants operating in Lithuania as well as conditions of these activities.

 

Article 59 of the Statue of the Seimas