Bloomberg News

Lithuanian Premier Says Goverment to Cut 2012 Budget Spending

October 10, 2011

Oct. 10 (Bloomberg) -- Lithuania’s government will cut about 300 million litai in spending from next year’s budget to help the Baltic nation achieve a deficit of 2.8 percent of economic output, Premier Andrius Kubilius said.

The government “can’t rule out” a possible downward revision of the 2012 economic-growth forecast, Finance Minister Ingrida Simonyte added at a press conference today where she spoke along with Kubilius.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Alan Crosby at acrosby1@bloomberg.net


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