Toward A Sustainable And Inclusive Consolidation In Lithuania

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Toward A Sustainable And Inclusive Consolidation In Lithuania

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Author : Ms.Nan Geng
language : en
Publisher: International Monetary Fund
Release Date : 2013-07-03

Toward A Sustainable And Inclusive Consolidation In Lithuania written by Ms.Nan Geng and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-03 with Business & Economics categories.

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.

Republic Of Lithuania

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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2017-06-30

Republic Of Lithuania written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-30 with Business & Economics categories.

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.

Oecd Economic Surveys Lithuania 2016 Economic Assessment

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2016-03-15

Oecd Economic Surveys Lithuania 2016 Economic Assessment written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-15 with categories.

This 2016 OECD Economic Survey of Lithuania examines recent economic developments, policies and prospects. The special chapters cover: Productivity convergence and Inclusive growth.

Imf Research Bulletin September 2013

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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-09-16

Imf Research Bulletin September 2013 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-16 with Business & Economics categories.

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.

Republic Of Lithuania

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2013-03-28

Republic Of Lithuania written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-28 with Business & Economics categories.

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.

Toward A Sustainable And Inclusive Consolidation In Lithuania

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Author : Ms.Nan Geng
language : en
Publisher: International Monetary Fund
Release Date : 2013-07-03

Toward A Sustainable And Inclusive Consolidation In Lithuania written by Ms.Nan Geng and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-03 with Business & Economics categories.

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.

From Expenditure Consolidation To Expenditure Efficiency

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Author : Mr.David Coady
language : en
Publisher: International Monetary Fund
Release Date : 2015-12-28

From Expenditure Consolidation To Expenditure Efficiency written by Mr.David Coady and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-28 with Business & Economics categories.

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.

Tudes Conomiques De L Ocde Lituanie 2016 Valuation Conomique

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Author : OECD
language : fr
Publisher: OECD Publishing
Release Date : 2016-11-22

Tudes Conomiques De L Ocde Lituanie 2016 Valuation Conomique written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-22 with categories.

L'Étude économique de l'OCDE pour la Lituanie 2016 examine les récents développements économiques, politiques, et les perspectives et jette un regard plus détaillé sur la convergence de la productivité et la croissance inclusive.

Oecd Public Governance Reviews Lithuania Fostering Open And Inclusive Policy Making

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2015-08-04

Oecd Public Governance Reviews Lithuania Fostering Open And Inclusive Policy Making written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-04 with categories.

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.

Oecd Science Technology And Industry Outlook 2014

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2014-11-12

Oecd Science Technology And Industry Outlook 2014 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-12 with categories.

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.