LT

Financial Audit Reports

Results of the financial audit of the set of accounts of the State for 2024

May 15, 2025

2025-05-15

The National Audit Office submitted its audit opinions on the country's financial accounts for 2024 to the Seimas, noting significant errors

Picture for The National Audit Office submitted its audit opinions on the country's financial accounts for 2024 to the Seimas, noting significant errorsThe National Audit Office has performed its Constitutional duty and issued audit opinions on the 2024 sets of accounts of the State and the five resource funds - Compulsory Health Insurance Fund, State Social Insurance Fund (SODRA), Guarantee Fund, Long-Term Employment Benefits Fund and Pension Annuities Fund. It also issued an audit opinion on the set of accounts of the State Defence Fund.

Qualified opinions are expressed on the most important sets of accounts - accounts of the State, SODRA and Compulsory Health Insurance Fund. This means that the accounts contain significant errors which prevent us from obtaining a true and fair view of how much and what assets the State holds, the Fund's liability for social benefits, and the true amount of receivables.

"Opening up and using correct and reliable performance data for decision-making makes public administrations more efficient, increases government transparency and promotes citizen involvement in decision-making. Unfortunately, we see material misstatements in the financial data of public sector entities. The errors prevent us from having objective, comparable information that is equally understandable to users. For example, if the accounts do not show correctly what the EUR 700 million was used for, can we reliably plan budgets for the coming periods, or know where we can make savings?", Auditor General Irena Segalovičienė stresses.

No material misstatements have been identified in the accounts of the Guarantee Fund, the Long-Term Employment Benefits Fund, the Pension Annuities Fund and the National Defence Fund, and unqualified opinions are therefore given.

The Government's National Progress Report was due to be submitted to the National Audit Office for assessment by 20 April 2025, in accordance with the Law on Public Sector Accountability. However, on 25 April 2025, the Office received only draft data. The timely submission of the final data on progress, together with the financial accounts, would allow the auditors to confirm their accuracy and provide a more comprehensive assessment to the Seimas and the public.

"The fact that the National Progress Report has not been submitted on time for the second year in turn is an indication of the need for those responsible for the public sector to strengthen their leadership and their attitude towards the importance of performance assessment. Transparency and accountability is a fundamental principle of public sector performance. In order to avoid recurrent delays in the National Progress Report and to fulfil the statutory obligation to report to the public on the objectives achieved through the use of public funds in a timely manner, it is appropriate to review and optimise the processes of preparing and submitting reports," Ms Segalovičienė says.