Republic of Lithuania; Third Review Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Lithuania

This paper focuses on the Republic of Lithuaniaâ€™s Third Review Under the Stand-By Arrangement. Program implementation has been good and all end-December 2002 quantitative performance criteria were met. Macroeconomic performance in 2002 was better than expected: real GDP grew by 5.9 percent, led by domestic demand. Further progress was made in structural reforms during 2002, including tax reform, municipal finances, health care expenditure, banking privatization, financial sector reforms, and energy sector privatization. Some measures, however, were implemented with some delays, including privatization in the energy sector.

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Year of publication:	2003-03-05
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Stand-by arrangement reviews \| external debt \| debt service \| current account \| currency board \| balance of payments \| current account deficit \| tax revenue \| public and publicly guaranteed \| tax reform \| government deficit \| fiscal balance \| capital expenditure \| repayments \| external liabilities \| tax administration \| net external debt \| fiscal deficit \| fiscal consolidation \| budget law \| foreign debt \| fiscal policy \| current account balance \| government budget \| municipal finances \| external borrowing \| budget deficit \| public finances \| state budget \| central bank \| external loans \| external financing \| reserve assets \| public and publicly guaranteed debt \| external payments \| repurchases \| domestic financing \| external debt service \| short-term debt \| tax system \| fiscal policies \| budget process \| debt management \| budget management \| tax collection \| external payments arrears \| government budget deficit \| public spending \| prudent fiscal policies \| debt stock \| domestic borrowing \| public debt \| external shocks \| fiscal sustainability \| national budget \| fiscal discipline \| external debt stock \| fiscal reforms \| central banks \| external shock \| fiscal position \| fiscal management \| administrative improvements \| fiscal stance \| fiscal implications \| foreign loans \| amortization payments \| fiscal balance in percent \| long-term external debt \| public finance \| taxation \| foreign borrowing \| private debt \| government debt \| public sector debt \| tax reductions \| structural adjustment \| tax base \| fiscal surplus \| foreign currency debt \| domestic currency \| budget projection \| external liquidity \| government revenue \| budgetary flows \| external short-term debt \| fiscal target \| structural fiscal reforms \| fiscal decentralization \| budgetary funds \| general resources account \| primary fiscal balance \| reserve holding \| fiscal consolidation efforts \| structural fiscal \| public expenditure \| private external debt \| official creditors \| accumulation of arrears \| revenue collection \| domestic savings \| domestic debt \| government budget execution \| currency debt \| public external debt \| tax structure \| fiscal deficit target \| government budget implementation \| budgetary central government \| central government budget \| expenditure policy \| fiscal data \| public expenditures \| tax policy \| government expenditure \| budget expenditures \| currency composition \| capital expenditures \| debt management strategy \| tax rates \| government fiscal deficit \| general government expenditure \| fiscal impact \| tax revenues \| external debt management \| fiscal accounts \| fiscal restraint \| debt services \| commercial bank loan

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/55 9 pages long
Source:	RePEc - Research Papers in Economics

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