The aim of the research was to identify the feasibility of introducing universal basic income and the impact of its introduction on the economy of Latvia, Lithuania and Estonia. Research methods – literature review, analysis, synthesis, calculation of relative values, comparison, calculation of multiplier effect. Universal basic income definitions, studies and socio-economic issues related to basic income are analysed and summarized in the article. Economic factors are determined to assess the impact of the introduction of the basic income on the economy of Baltic states. The amount of universal basic income payable was calculated for three different forms and ways of payment. Costs of implementation on federal budget were assessed. Fiscal effect of the implementation of basic income was determined. The possibility of implementation of universal basic income in the Baltic region was evaluated. A comparison was made between the projected economic results of universal basic income implementation in the Baltic states. It is concluded, that the implementation of universal basic income would stimulate the economy, but it is not financially feasible due to strain its implementation would cause on the federal budget. Recommendations have been made to the Ministry of Well-being to re-evaluate guaranteed minimum income and to the state administration to launch universal basic income pilot projects.