Bloomberg News

Lithuanian Nine-Month Budget Deficit Narrows From Year Earlier

October 28, 2011

Oct. 28 (Bloomberg) -- Lithuania’s central-government budget deficit narrowed to 3.3 percent of estimated gross domestic product through the first nine months this year.

The shortfall, calculated on a cash basis, was 5.3 percent of GDP in the same period of 2010, the Vilnius-based Finance Ministry said today in a statement on its website.

Prime Minister Andrius Kubilius’s government aims to narrow the fiscal deficit, which includes funds from the central government, local governments and social security, to 5.3 percent of GDP this year from 7 percent last year.

Government debt was 33.7 percent of estimated GDP at the end of September, the ministry said.

--Editor: Zoe Schneeweiss

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

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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