After 153 days of work on the account of public institutions, the expenditures of which had to be covered by taxpayers, Liberal Institute together with the Czech society commemorated the Tax Freedom Day on June 2, 2016. The Liberal Institute has celebrated the Tax Freedom Day since 2000.
Tax Freedom Day comes on May 18. It is a symbolic day in the year when an average taxpayer has paid all the dues to the government and begins to work for him- or herself. The fact that it comes later than in the previous year means that government expenditures has grown more than the country’s economy.
INESS released an English version of The 2014 Universe of Public Expenditures, a poster with a graphical representation of all public expenditures financed by taxes and contributions. It enables one to understand the relationships among the individual items of public administration.
The Lithuania Tribune writes that on March 29 president Dalia Grybauskaitė met with Johaness Hahn, EU Commissioner for Regional Policy. The main topics of the meeting included EU financial framework for the period 2014-2020 and the EU Cohesion Policy. Dalia Grybauskaitė expressed Lithuanian dissatisfaction with the proposal concerning rules of EU aid’s distribution. Lithuania puts emphasis on the importance of the interests and member states’ level of development. More information here.