Lithuania prioritizes growth

  • 2013-04-25
  • From wire reports
VILNIUS - Lithuania plans to balance its budget in 2016, a year later than earlier projected, as the country’s new government seeks to stimulate growth and jobs, reports Bloomberg.The fiscal deficit will shrink from last year’s 3.2 percent of gross domestic product to 2.5 percent this year, 1.5 percent in 2014 and 0.5 percent in 2015, the Finance Ministry in Vilnius said in an e-mailed statement on April 22, citing a draft of the Baltic country’s revised European Union convergence program. A surplus of 0.5 percent is planned in 2016, it said.“Lithuania is ...
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