Bloomberg News

Lithuanian Budget Revenue Beats Government Goal in Year to April

May 11, 2012

Lithuania’s budget revenue increased 7.7 percent from a year earlier in the four months through April, exceeding the government’s target.

Revenue rose to 6.62 billion litai ($2.48 billion), the Finance Ministry, based in the capital, Vilnius, said today in a statement on its website. The government had sought 6.49 billion litai.

The Baltic nation’s government plans to narrow the budget deficit to 3 percent of gross domestic product this year from 5.5 percent in 2011. The shortfall may shrink to 3.2 percent this year, the European Commission said today.

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


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus