Republic of Lithuania : 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lithuania
Lithuania experienced a severe output decline. A large consolidation contained the deterioration in the fiscal deficit and safeguarded market financing. Further fiscal consolidation is needed to place deficits and debt on a sustainable path. Tackling the deficit in the social security system and expanding the revenue base will achieve adjustment in a sustainable, pro-growth, and equitable manner. A sustained recovery also hinges on the ability of the economy to rebalance toward tradables. The rising level of unemployment makes it imperative to advance with structural reforms
Year of publication: |
2010
|
---|---|
Institutions: | International Monetary Fund ; International Monetary Fund (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Wirtschaftslage | Macroeconomic performance | Litauen | Lithuania |
Saved in:
freely available
Extent: | Online-Ressource (58 p) |
---|---|
Series: | IMF staff country report. - Washington, DC : IMF, ZDB-ID 2390613-3. - Vol. Country Report No. 10/201 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 1-4552-0379-3 ; 978-1-4552-0379-6 |
Other identifiers: | 10.5089/9781455203796.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014404375
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