Republic of Lithuania : Selected Issues

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 25, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper analyzes the fiscal challenges in Lithuania. Lithuania’s fiscal position has strengthened in recent years. However, medium-term challenges are significant given the severe demographic pressure from an aging population and net emigration. Lithuania’s general government net financial worth is relatively strong compared with other countries in the region, although contingent liabilities from the pension system are sizable. The recent reform of the pension system will help make the system more fiscally sustainable. Future reforms should be carefully designed and trade-offs considered, to ensure social sustainability, reduce poverty among the elderly, and limit harm to the labor supply and the informal labor market.

Series:

Country Report No. 18/186

Subject:

English

Publication Date:

June 25, 2018

ISBN/ISSN:

9781484363546/1934-7685

Stock No:

1LTUEA2018002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

32

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