Public procurement policy
Public procurement constitutes an important part of the Lithuanian economy. The total amount spent through these procedures is one tenth of the country’s gross domestic product, or one third of Lithuania’s national budget. Such procurement volumes show that public procurement is and will be a driving force behind the country’s entire economy; therefore, the objective of the Ministry of Economy as the authority shaping public procurement policy is to continuously improve the legal regulation of public procurement in order to ensure that public procurement is carried out by using funds allocated for this purpose in a transparent and rational manner.
Last date edited: 2012-06-29