Fiscal discipline advisable

February 2005
Emerging Europe Monitor: Central Europe & Baltic States;Feb2005, Vol. 12 Issue 2, p12
Country Report
Country Report
The article presents information on the economic conditions in Lithuania. A new government has won parliamentary approval, and features many of the same key personnel as its predecessor. Despite the populist Labor Party's inclusion in government, a dramatic loss of fiscal discipline seems unlikely. With the election returning a government featuring many of the personnel of its predecessor, little change is expected to the policy agenda, and macroeconomic policy will remain directed at joining the euro zone in 2007. The Baltic state now stands close to convergence, with public finances unlikely to breach the entry requirements and the currency comfortably pegged to the euro.


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