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2016 05 03
European Commission: Further Lithuania’s Economic Growth Will Be Ensured by Recovering Exports and Consumption

Today the European Commission (EC) announced the spring 2016 macroeconomic assessments of the European Union (EU) Member States, where a better general government deficit, higher investment growth, and lower unemployment rate are projected for Lithuania. “The European Commission’s Spring Forecast shows...

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2016 05 02
At End-March Central Government Debt Amounted to 38.3% of the Projected GDP for the Current Year

According to the data by the Ministry of Finance, at end-March of the current year central government debt was EUR  14.740 billion or 38.3% of the projected GDP for 2016 (EUR 38.528 billion). At the end of March central government foreign debt made up 75.9% of total central government debt: central government was...

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2016 05 02
Three-Month Central Government Deficit Is Lower than at the Same Time Last Year

According to the data by the Ministry of Finance, in 2016 the three-month central government deficit amounted to EUR 197 million or 0.5% of the projected GDP for 2016, and it was by EUR 151.8 million or 0.4 percentage point lower than the one in the same period of 2015. The three-month central government revenue totalled EUR 2.395 billion,...

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2016 04 27
Stability Programme Envisages Accelerating Economic Growth and Balanced Public Finances

The Stability Programme of Lithuania for 2016 considered at the Government meeting today states that currently the situation of public finances is favourable for accelerating the pace of structural reforms preserving discipline in public finances. It also includes an obligation to increase the share of GDP reallocated through the...

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2016 03 31
In 2015 State Debt Stood at 42.5% of GDP

According to the data by the Ministry of Finance, the State debt, after hedge transactions* , at the end of 2015 made up EUR 15.815 billion or 42.5% of GDP for 2015 (EUR 37.190 billion), and it was by 0.1 percentage point of GDP lower than projected while drafting the Government Borrowing Programme for the previous year. “The statistics for 2015 reflect a short-term increase in the debt when...

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2016 03 31
Two-Month Central Government Deficit Is Lower than at the Same Time Last Year

According to the data by the Ministry of Finance, in 2016 the two-month central government deficit amounted to EUR 70.4 million or 0.2% of the GDP projected for 2016, and it was by EUR 170.8 million or 0.4 percentage point lower than the one in the same period of 2015. The two-month central government revenue totalled EUR 1.585 billion, expenditure...

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2016 03 31
In February Central Government Debt Declined to 38.4% of GDP

After Lithuania redeemed the Eurobond issue of EUR 1 billion on international markets in February this year, central government debt significantly narrowed and in end-month it was EUR  14.808 billion or 38.4% of the projected GDP for 2016 (EUR 38.528 billion), the Ministry of Finance informs. “For the second year in a row we refinance the previous Eurobond issues...

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2016 03 30
Economic Development Scenario of the Ministry of Finance is Realistic

The Economic Development Scenario for 2016–2019 prepared by the Ministry of Finance of the Republic of Lithuania is duly substantiated and in line with economic realities – the National Audit Office of the Republic of Lithuania announced today. "The Opinion of the National Audit Office confirms that the Ministry of Finance assesses the country’s economic...

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2016 03 30
Error Rate in EU Structural Funds Projects Decreased by Almost 4.6 times

The error rate in EU-funded projects implemented in Lithuania is less than one half of one percent, what is considerably lower than the tolerable 2% materiality threshold set in EU regulations. Over five years the error rate in the aforementioned projects decreased from 1.93% in 2010 to 0.42% in 2014. Consistently decreasing amounts of ineligible costs...

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2016 03 18
In Projections of the Ministry of Finance – Reservedly Optimistic Economic Growth

After assessment of economic situation of the Lithuanian economy and the impact of external factors on development trends, the Ministry of Finance updated the perspectives for the key macroeconomic indicators for 2016-2018 and prepared them for the year 2019. The scenario prepared by the Ministry of Finance envisages that the reduced...

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2016 02 10
Lithuania Has Redeemed Bonds – State Debt Decreased by 2.9% of GDP

The State debt decreased by EUR 1.1 billion or 2.9% of gross domestic product (GDP) projected for 2016  – today the Ministry of Finance has redeemed two issues of Government Securities (GS) circulated in foreign and domestic markets 11 years ago. “For the second year in a row we refinance the previous Eurobond issues by 2-3 times cheaper borrowed funds....

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