„From 2019 to the end of 2022, our economic growth was the fastest – the gross domestic product grew by 35 percent. Of course, one could say that part of that growth was eaten up by inflation, but it was one of the best indicators in the entire European Union, maybe even the best. Looking at that short past, we would like to repeat the same,“ – 15min said Vidmantas Janulevičius, president of the Lithuanian Confederation of Industrialists.
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According to the president of the Confederation of Industrialists, it is first necessary to create conditions for business to earn and invest, because only a growing economy will allow collecting more taxes and allocating more funds for education, social protection, and other public needs.
„We need not to hinder business, but to work hand in hand with the state and politicians, without taking populist decisions. Having caught up with the old European Union countries, from a larger economy we could allocate more to education and social needs. This is a simple principle – first earn, then share. Or create conditions to earn more. If the economy shrinks, and we increase taxes even more, we certainly will not move forward.
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Look at Ireland. Why is its phenomenon so striking today? Everyone dislikes talking about it, but it is both a manufacturing and industrial phenomenon. They have some of the lowest taxes there, so that is where most investment goes,“ the interlocutor explained.
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