Lithuania’s second round of budget revisions this year will help save 600 million litai ($243 million), Finance Minister Algirdas Semeta said. The changes in the budget plan, which include raising the value-added tax by 2 percentage points to 21 percent, cuts in wages by 10 percent and lowering the ceiling of maternity and sickness benefits, will also help save 1.5 billion litai next year, Semeta told lawmakers today. (Bloomberg)