Dec. 6 (Bloomberg) -- Lithuania’s budget deficit may total 3 percent of gross domestic product next year, the Finance Ministry said today by e-mail.
That’s higher than an initial plan to cut the shortfall to 2.8 percent of GDP next year. The ministry lowered its 2012 economic-growth forecast to 2.5 percent from 4.7 percent last week.
Lithuania is seeking to narrow its budget deficit from an estimated 5.3 percent of GDP this year. The government has pledged to reduce spending by 4 percent to help close the gap.
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