Republic of Lithuania: Selected Issues and Statistical Appendix
September 10, 1999
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This Selected Issues paper and Statistical Appendix analyzes economic developments in Lithuania during 1996–99. The paper discusses macroeconomic developments and policies in detail. It discusses the importance of fiscal prudence in maintaining sustainable fiscal and external positions over the medium term, and emphasizes that reining in budgetary spending will be a key challenge in the period ahead. The paper reviews external competitiveness and concludes that Lithuania’s competitiveness has remained adequate through early 1999, although there remains little room for further real appreciation and wage rises that are not related to productivity increases.
Subject: Banking, Commercial banks, Corporate income tax, Financial institutions, Foreign exchange, Labor, Payroll tax, Public debt, Real effective exchange rates, Taxes, Wages
Keywords: appendix II, Baltics, chapter II, Commercial banks, Corporate income tax, CR, currency board arrangement, EU membership bid, Europe, government, ISCR, Real effective exchange rates, Russia crisis, Wages, Western Europe
Pages:
97
Volume:
1999
DOI:
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Issue:
096
Series:
Country Report No. 1999/096
Stock No:
1LTUEA0021999
ISBN:
9781451823998
ISSN:
1934-7685
