Bloomberg News

Lithuanian Coalition Member Says Government Should Test Mandate

December 12, 2011

Dec. 12 (Bloomberg) -- Lithuanian Transport Minister Eligijus Masiulis, the head of the ruling coalition’s junior partner, said the government should test its mandate in the parliament in a confidence vote.

The government should ask for a confidence vote after parliament decided to look for alternatives to the government’s proposed 2012 budget plan that was approved unanimously by the Cabinet, Masiulis, who leads the Lithuanian Liberal Movement, said at a news conference in Vilnius today.

The Baltic nation’s government submitted a revised 2012 budget plan with additional cuts to parliament last week after the Finance Ministry revised down its economic growth forecast to 2.5 percent from 4.7 percent next year. Members of parliament of the ruling coalition are initiating alternative proposals such as taxes on luxury assets to the government’s plan to slow pension increases.

The parliament must agree to a budget plan with a deficit of 3 percent of gross domestic product next year, Prime Minister Andrius Kubilius said in a press conference today. Kubilius’s Cabinet will make “its conclusions” if parliament fails to approve a deficit within the government’s target, signaling he may consider resigning.

--Editors: Douglas Lytle, Jeffrey Donovan

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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