The Government Approved the Quarterly Report on the Implementation of the Operational Programme for EU Investments


2023 06 07


On Wednesday, the Government approved the Report on the Implementation of the 2014-2020 Operational Programme for European Union (EU) Investments for the first quarter of 2023 prepared by the Ministry of Finance. This report reviews the progress in EU funds investment and provides recommendations to ministries regarding investment risk management.

"Looking at the 2014-2020 European Union financial period that is coming to an end, Lithuania is among the leading countries in effectively investing Cohesion Policy funds. This is also shown by the results of this quarter – Lithuania ranks first in terms of funds paid out by the EC. These investments create the necessary incentives for the development of the economy and innovation ecosystem, contribute to the improvement of education, health and social security systems and increase the economy's resilience to shocks," said Minister of Finance Gintarė Skaistė.

According to the funds paid to Lithuania by the EU, Lithuania ranks first among all member countries, i.e., even 94 % of the financing for Lithuania in 2014-2020, including the advance payment. From the beginning of the funding period until 30 April of the current year, EUR 7.3 billion (104 %) of EU funds were allocated to the projects, and a total of EUR 6.2 billion was invested in the implementation of the projects (88 %).

In the report, the Ministry of Finance presented proposals to other interested ministries regarding the necessary steps to be taken in the near future, so that risky projects are implemented on time or decisions are made regarding their future, possibly redistributing the planned funds to other projects.