Bloomberg News

Lithuania Posts Central-Government Budget Surplus in January

February 28, 2012

Lithuania’s central-government budget had a surplus in January, the Finance Ministry said.

The surplus, calculated on a cash basis, was 0.07 percent of estimated gross domestic product in 2012, the Vilnius-based Finance Ministry said today in a statement on its website. The measure includes all public finances except municipal budgets.

Prime Minister Andrius Kubilius’ government aims to narrow the fiscal deficit to 3 percent of GDP this year from an estimated 5.3 percent in 2011.

Government debt fell to 35.6 percent of GDP at the end of January from 39.4 percent at the end of 2011, the ministry said in a separate statement.

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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