VILNIUS - Lithuanian Prime Minister Andrius Kubilius has vowed to slash the national deficit to 2% of GDP within two years.
The prime minister said he would accomplish the reduction through a combination of reducing maternity benefits and increasing the retirement age.
Kubilius hopes that by decreasing the national deficit the country will finally be able to fulfill the Maastricht criteria - the budget deficit needs to be cut for the next three years if Lithuania is to have a chance of adopting the euro in 2014.
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