Langbahn Team – Weltmeisterschaft

Rimantas Šadžius

Rimantas Šadžius
Šadžius in 2015
Minister of Finance
Incumbent
Assumed office
12 December 2024
Prime MinisterGintautas Paluckas
Preceded byGintarė Skaistė
In office
13 December 2012 – 20 June 2016
Prime MinisterAlgirdas Butkevičius
Preceded byIngrida Šimonytė
Succeeded byRasa Budbergytė
In office
16 May 2007 – 9 December 2008
Prime MinisterGediminas Kirkilas
Preceded byZigmantas Balčytis
Succeeded byAlgirdas Šemeta
Personal details
Born (1960-10-08) 8 October 1960 (age 64)
Vilnius, Soviet Union
(now Lithuania)
Political partySocial Democratic Party
Alma materVilnius University
WebsiteOfficial website

Rimantas Šadžius (born 8 October 1960) is a Lithuanian politician and economist affiliated with the Social Democratic Party of Lithuania. He currently serves as the Minister of Finance under Prime Minister Gintautas Paluckas, a position he assumed on 12 December 2024. Šadžius has held the finance portfolio multiple times, having previously held it from 2007 to 2008 and from 2012 to 2016.

Early life and education

Born in Vilnius, Šadžius graduated from Vilnius University with a degree in chemistry before transitioning into public administration and economics.[1]

Political career

Šadžius began his political career in the Ministry of Finance, holding various senior roles before being appointed as Minister of Finance.

Minister of Finance

First Term (2007–2008)

Šadžius was first appointed Minister of Finance on 16 May 2007 under Prime Minister Gediminas Kirkilas. During this time, he worked on fiscal reforms and preparations for Lithuania's eventual adoption of the euro.[2]

Second Term (2012–2016)

Šadžius returned to the Ministry of Finance in December 2012 under Prime Minister Algirdas Butkevičius. His second term focused on navigating Lithuania through the post-2008 financial crisis recovery, implementing tax reforms, and enhancing fiscal stability. During this period, he chaired the Party of European Socialists’ Finance Ministers Network, where he advocated for measures against corporate tax avoidance and promoted fiscal harmonization in the European Union.[3]

Current Term (2024–present)

Following the 2024 Lithuanian parliamentary election, Šadžius was nominated by Prime Minister Gintautas Paluckas to serve as Minister of Finance, succeeding Gintarė Skaistė. He took office on 12 December 2024 and has outlined priorities that include reducing income inequality, increasing public sector efficiency, and enhancing Lithuania's economic resilience amid global financial uncertainties.[4]

Post-ministerial career

Between 2016 and 2024, Šadžius served as a member of the European Court of Auditors, where he focused on improving transparency and accountability in the management of EU financial programs.[5]

Other activities

Personal life

Rimantas Šadžius is married and resides in Vilnius. He is an active supporter of cultural and educational initiatives aimed at fostering economic literacy among young people.[8]

References

  1. ^ "Rimantas Šadžius - Member of the Seimas". LRS.lt. Retrieved 13 December 2024.
  2. ^ "History of the Ministry of Finance". finmin.lrv.lt. Retrieved 13 December 2024.
  3. ^ "PES Finance Ministers Call for Ambitious Measures to Tackle Corporate Tax Avoidance". Party of European Socialists. 25 May 2016. Retrieved 13 December 2024.
  4. ^ "Rimantas Šadžius Named Minister of Finance in Paluckas Government". LRT. 12 December 2024. Retrieved 13 December 2024.
  5. ^ "European Court of Auditors Annual Report 2016". eca.europa.eu. Retrieved 13 December 2024.
  6. ^ "2007 Annual Report". European Investment Bank. Retrieved 13 December 2024.
  7. ^ "IMF Annual Report 2016". imf.org. Retrieved 13 December 2024.
  8. ^ "Official Website of Rimantas Šadžius". Retrieved 13 December 2024.
Political offices
Preceded by Minister of Finance
2012–2016 		Succeeded by
Preceded by Minister of Finance
2024–present
Quelle: http://en.wikipedia.org/wiki/Rimantas_%C5%A0ad%C5%BEius