Republic of Lithuania : 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lithuania

Author/Editor:

International Monetary Fund

Publication Date:

July 9, 2010

Electronic Access:

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Summary:

Lithuania experienced a severe output decline. A large consolidation contained the deterioration in the fiscal deficit and safeguarded market financing. Further fiscal consolidation is needed to place deficits and debt on a sustainable path. Tackling the deficit in the social security system and expanding the revenue base will achieve adjustment in a sustainable, pro-growth, and equitable manner. A sustained recovery also hinges on the ability of the economy to rebalance toward tradables. The rising level of unemployment makes it imperative to advance with structural reforms.

Series:

Country Report No. 10/201

Subject:

English

Publication Date:

July 9, 2010

ISBN/ISSN:

9781455203796/1934-7685

Stock No:

1LTUEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

58

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