Lithuania to see billion-lita deficit

Dec 03, 2008
TBT Staff in cooperation with BNS

VILNIUS – Incoming Lithuanian Prime Minister Andrius Kubilius has said that he expects next year’s budget deficit to reach 1 billion litas (290 million euros). "We are now targeting a budget deficit of up to a billion litas," Kubilius told reporters after meeting with his partners in the four-party conservative-led coalition on Wednesday. A billion litas makes up about 1 percent of the gross domestic product. The government's program, which is yet to be approved by the parliament, does ...

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