Ministry of Finance of Lithuania

The Ministry of Finance of the Republic of Lithuania is an executive body, the mission of which is to formulate and implement an effective policy of public finance in order to ensure the country‘s macroeconomic stability and economic development. The strategic objectives of the Ministry include the formulation of fiscal policy which promotes trust in macroeconomic stability, and ensures effective and economical management, and use of public funds and European Union assistance. It also ensures development of the financial sector, and smooth implementation of other financial measures. The Minister of Finance represents Lithuania in the Economic and Financial Affairs Council of the EU (ECOFIN) and major international and regional institutions.

At present the Ministry has 14 departments and 8 independent divisions and a staff of 444 employees. Five special attachés delegated by the Ministry of Finance work at the permanent representative office of the Republic of Lithuania in the European Union (Brussels).

The CFCU is responsible for the overall budgeting, tendering, contracting, payments, accounting and financial reporting aspects of all procurement of services, supplies, works and grants in the context of EU funded programmes.