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Author: Ms.Nan Geng
Publisher: International Monetary Fund
ISBN: 1475514522
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
This paper reviews Lithuania’s fiscal consolidation since 2009, assesses the contribution of revenue and expenditure to the consolidation, evaluates the quality of measures, and draws lessons for the future. It finds that, despite having the lowest revenue-to-GDP ratio in the EU, Lithuania’s fiscal adjustment has so far relied mainly on expenditure measures, with the quality of measures deteriorating over time. The analysis also suggests that Lithuania’s tax system, in comparison with other EU countries and regional peers, is skewed toward labor and consumption taxes, and plays a more limited role in income redistribution, especially in the upper income brackets. The paper argues therefore that there is ample scope to implement high quality revenue measures in order to complete the fiscal adjustment in the medium term in a sustainable and inclusive manner.
Author: Ms.Nan Geng
Publisher: International Monetary Fund
ISBN: 1475514522
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
This paper reviews Lithuania’s fiscal consolidation since 2009, assesses the contribution of revenue and expenditure to the consolidation, evaluates the quality of measures, and draws lessons for the future. It finds that, despite having the lowest revenue-to-GDP ratio in the EU, Lithuania’s fiscal adjustment has so far relied mainly on expenditure measures, with the quality of measures deteriorating over time. The analysis also suggests that Lithuania’s tax system, in comparison with other EU countries and regional peers, is skewed toward labor and consumption taxes, and plays a more limited role in income redistribution, especially in the upper income brackets. The paper argues therefore that there is ample scope to implement high quality revenue measures in order to complete the fiscal adjustment in the medium term in a sustainable and inclusive manner.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264251146
Category :
Languages : en
Pages : 148
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Book Description
This 2016 OECD Economic Survey of Lithuania examines recent economic developments, policies and prospects. The special chapters cover: Productivity convergence and Inclusive growth.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1475558538
Category : Business & Economics
Languages : en
Pages : 16
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Book Description
The Research Summaries in the September 2013 IMF Research Bulletin focus on “External Conditions and Debt Sustainability in Latin America” (Gustavo Adler and Sebastian Sosa) and “Monetary Policy Cyclicality in Emerging Markets” (Donal McGettigan, Kenji Moriyama, and Chad Steinberg). In the Q&A, Itai Aigur and Sunil Sharma discuss “Seven Questions on Macroprudential Policy Frameworks.” The Research Bulletin also includes an updated listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from the IMF Bookstore, as well as information on a forthcoming conference. The IMF Economic Review’s new Impact Factor is also highlighted.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 148439397X
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
This 2013 Article IV Consultation IMF staff report focuses on measures that are being undertaken to rebalance macroeconomic growth in Lithuania. The IMF report discusses the requirement of fiscal consolidation to fully rebuild fiscal space. It highlights the important role played by the financial sector in enabling sound credit expansion to support economic growth. Reducing obstacles to the resolution of nonperforming loans could help ease constraints on credit supply. The current account deficit is projected to remain relatively contained over the medium term, reaching about 2 percent of GDP, and financed mostly by foreign direct investment.
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1484305973
Category : Business & Economics
Languages : en
Pages : 47
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Book Description
This Selected Issues paper examines the reasons behind Lithuania’s low tax-GDP ratio relative to the European Union (EU). At end-2015, Lithuania had nearly the lowest tax-GDP ratio in the EU, along with Bulgaria and Romania. The tax revenue shortfall relative to the EU is for the most part attributable to weak tax administration and tax policy, with the structure of the economy playing a secondary role. The second largest contribution to the tax revenue shortfall relative to the EU comes from social security contributions. The shortfall is driven primarily by the structure of the economy, and to a smaller extent by tax administration.
Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 1513575163
Category : Business & Economics
Languages : en
Pages : 34
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Book Description
This paper reviews public expenditure in Lithuania to identify areas where deeper structural reforms may be warranted to improve spending efficiency and contain future spending pressures. The analysis benchmarks spending in Lithuania against other European countries focusing on spending levels, spending composition, and spending outcomes, and for both economic and functional spending classifications. While recent expenditure consolidation efforts have kept public spending among the lowest in Europe, a transition from broad-based measures to more structural measures will be required: to ensure that low spending levels remain sustainable, to address poor social outcomes such as high inequality and poor health and education outcomes, and to efficiently and equitably contain spending pressures arising from an ageing population.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264235760
Category :
Languages : en
Pages : 154
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Book Description
This review analyses open government principles and practices in Lithuania with the aim to support the government of Lithuania in its current and future public governance reforms.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264222286
Category :
Languages : en
Pages : 480
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Book Description
The OECD Science, Technology and Industry Outlook 2014 reviews key trends in science, technology and innovation (STI) policies, and performance in more than 45 economies, including OECD countries and major emerging economies.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264327452
Category :
Languages : en
Pages : 110
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Book Description
Lithuania’s economy exited the COVID-19-crisis successfully and was growing fast until early 2022, buoyed by rising exports and rapid integration into global value chains. However, with Russia’s aggression of Ukraine continuing and its consequences spreading, the outlook has darkened.
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393330281
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
Nobel Prize winner Stiglitz focuses on policies that truly work and offers fresh, new thinking about the questions that shape the globalization debate.
