Bloomberg News

Lithuanian Central Government Budget Gap Narrows to 2.4% of GDP

July 30, 2012

Lithuania’s central government budget deficit narrowed to 2.4 percent of gross domestic product in the first six months of the year, the Finance Ministry said.

The shortfall, calculated on a cash basis, was 2.8 percent in the same period of 2011, the ministry, based in the capital, Vilnius, said today on its website. The measure includes all public finances except municipal budgets.

Prime Minister Andrius Kubilius’s government is seeking to narrow the fiscal deficit to 3 percent of GDP this year from 5.5 percent in 2011. Government debt fell to 38.5 percent of economic output at the end of June from 38.6 percent in May, 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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