Vilnius, 26 September 2019
Lithuania’s independent fiscal institution, the Budget Policy Monitoring Department (BPMD) was set up as part of Lithuania’s commitment to sustainable fiscal policies under EU rules upon Lithuania joining the European Monetary Union. It was established as a department within the National Audit Office (NAO). This OECD review assesses the BPMD against the OECD Principles for Independent Fiscal Institutions, benchmarks it against peer institutions in OECD countries and, where possible, identifies the difference it has made.
The reviewers found that the BPMD has quickly built a reputation for solid independent analysis, helped bring about fiscal transparency gains for Lithuania and generated increased parliamentary and public debate on fiscal issues.
The report also identifies key challenges for the BPMD relating to its identity, independence and resourcing. It sets forth a series of recommendations to enhance the independence of the BPMD to ensure its continued good performance and long run viability.
Read the report: