IMF requisitions a Lithuanian deficit slashing

Dec 09, 1999
By Peter J. Mladineo

VILNIUS - In government financial circles, trimming Lithuanian's fiscal deficit is the order of the day. The order originates from the International Monetary Fund, which has all but demanded that Lithuania knock its deficit down to less than 3 percent in order to qualify for a $100 million stand-by arrangement from the IMF.Last week, the Cabinet of Ministers approved a draft budget for 2000. Revenues were estimated at 8.96 billion litas ($2.24 billion) and expenditures were predicted to be 9.76 ...

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