Bloomberg News

Lithuania Budget Revenue Rose 2.2% in First Quarter, Beat Goal

April 13, 2012

Lithuania’s budget revenue exceeded the government’s target in the first quarter, rising 2.2 percent from a year earlier.

Revenue increased to 4.83 billion litai ($1.84 billion), the Finance Ministry in the capital, Vilnius, said today in an e-mailed statement. The government’s target was 4.64 billion litai.

The Baltic nation plans to narrow 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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