European Parliament Library

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
Table Of Contents
""Cover""; ""Contents""; ""I. Context: Lithuania�s Ongoing Response to the Global Crisis""; ""A. Recent Economic and Policy Developments""; ""B. Near-Term Outlook""; ""II. The Road Ahead""; ""A. Securing a Sustainable and Equitable Fiscal Consolidation""; ""B. Enhancing Financial Stability: Promoting Loss Recognition and Capitalization""; ""C. Fostering Long-Run Growth""; ""III. Staff Appraisal""; ""Figures""; ""1. Real Sector Developments""; ""2. External Sector Developments""; ""3. Fiscal Developments""; ""4. Financial Sector Developments""; ""5. Financial Sector Policy Challenges""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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