2012 Budget Prompts Deficit Downgrade

December 2011
Emerging Europe Monitor: Central Europe & Baltic States;Dec2011, Vol. 18 Issue 12, p11
Country Report
The article offers fiscal deficit forecasts for the Lithuanian government in 2011 and 2012. It states that due to government's new austerity budget in 2012 which involves more public spending, the fiscal deficit is expected to fall to about 4.9 and 3.4 percent in 2011 and 2012 respectively. It further states that the government revenue is expected to fall by 3.5 percent in 2012 due to an increase in public spending. INSET: RISK SUMMARY.


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