Republic of Lithuania: Selected Issues

International Monetary Fund

No 2013/082, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper discusses Lithuania’s efforts towards a sustainable and inclusive consolidation. Lithuania has implemented fiscal measures amounting to 17 percent of GDP during 2009–2012, about half of which were frontloaded in 2009. The report shows that Lithuania’s tax system, in comparison with other European Union member countries, is skewed toward labor and consumption taxes and plays a more limited role in income redistribution, especially in the upper-income brackets. It is highlighted that the country’s fiscal adjustment since 2009 has relied mainly on expenditure measures.

Keywords: ISCR; CR; Lithuania; revenue; tax burden; GDP; income; revenue-to-GDP ratio; at-risk-of-poverty rate; well functioning revenue administration; tax Structurein Lithuania; EU average; paper reviews Lithuania's fiscal consolidation; functioning revenue administration; reviews Lithuania's fiscal consolidation; Lithuania's fiscal consolidation; Fiscal consolidation; Consumption taxes; Europe (search for similar items in EconPapers)
Pages: 18
Date: 2013-03-28
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