The Ministry of Economy and Innovation of the Republic of Lithuania is a government department of the Republic of Lithuania. Its operations are authorized by the Constitution of the Republic of Lithuania, decrees issued by the president and prime minister, and laws passed by the Seimas (Parliament). Its mission is to develop positive legal and economic environment for economic development and ensure public welfare and employment.

The Second Paksas Cabinet was the 11th cabinet of Lithuania since 1990. It consisted of the Prime Minister and 13 government ministers.