During a session in the conservative faction of the Seimas on Wednesday, July 8th, T. Valys stated that the management of the nation’s public debt remains under control, asserting that the level of debt is not static but rather responds to prevailing economic circumstances. The discussion was framed against projections from the State Control (VK).
According to the VK estimates, the public sector debt is anticipated to increase from 45% to 55.3% of the gross domestic product (GDP) over the period spanning 2026 to 2029. Furthermore, expenditure allocated for interest payments is projected to fall within the range of 1.1 to 1.8 billion euros. As the prospective finance minister, Valys committed to maintaining control over the debt level while simultaneously supporting the country’s established pace of economic growth.
However, his statements prompted scrutiny from opposition members, who questioned his overall competence. In response to the challenges, Valys reiterated his commitment to fiscal stability. He emphasized that managing the debt remains a non-negotiable priority for his administration, stating that this objective would be upheld without necessitating “revolutionary or special changes.” The exchange highlighted the ongoing debate regarding fiscal policy and the sustainability of current economic trajectories in the nation.
Topics: #debt #valys #public
