Seimas Audit Committee and the National Audit Office organise joint conference "Public Finances and Demographic Challenges: How to Prepare for the Future?"

The Seimas Committee on Audit and the National Audit Office (NAO) are organising a conference "Public Finances and Demographic Challenges: How to Prepare for the Future?" on Wednesday 30 April at 11:00.
  
The conference will present the implications of unchanged policies for Lithuania's public finances up to 2050, the challenges of demographic change, competitiveness and the importance of a fiscal structural framework. The event will include a panel discussion on how to meet the needs of an ageing population while maintaining sustainable public finances.
  
The National Audit Office, implementing the functions of the fiscal institution, carried out an Assessment of the Sustainability of General Government Finances in 2025–2050, the results of which show that:

• Even if migration trends remain favourable in the long term, Lithuania's population is projected to continue to decline and the challenges of an ageing population will persist;
• Ageing costs, such as old–age pensions and healthcare expenditure, will increase pressure on general government debt and pose risks to the sustainability of the country's public finances;
• If the ageing–related liabilities were to be covered only by debt, it is projected to rise to almost 80% of GDP in 2050;
• Not raising revenues in compliance with national fiscal discipline rules would reduce the quantity and quality of public services and worsen social sustainability;
• To finance ageing–related liabilities, structural reforms are needed to boost investment, labour productivity and mitigate the impact of changing demographics.

Representatives of the European Commission, the Lithuanian public sector, academia, business, policy makers and implementers will discuss topical issues related to the sustainability of public finances and demographic challenges.
 
The conference will be led and moderated by Algirdas Sysas, Chairman of the Budget and Finance Committee of the Seimas of the Republic of Lithuania.
 
The event will be streamed live on the Seimas YouTube account. The link for the webcast: 2025-04-30 Conference "Public Finances and Demographic Challenges: How to Prepare for the Future?"
 
The event programme can be viewed here.

The conference will be delivered in Lithuanian.