Bloomberg News

Lithuanian Budget Revenue Beats Target in Year Through February

March 09, 2012

Lithuania’s budget revenue exceeded the government’s target in January and February, rising 9.9 percent from a year earlier.

Revenue increased to 3.36 billion litai ($1.28 billion), the Finance Ministry in the capital, Vilnius, said today in an e-mailed statement. That’s above the government’s target of 3.22 billion litai, or 4.4 percent, it said.

The Baltic nation’s government plans to cut the budget deficit to 3 percent of gross domestic product this year from an estimated 5.3 percent in 2011.

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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