Republic of Lithuania: Selected Issues

March 28, 2013

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Republic of Lithuania: Selected Issues, (USA: International Monetary Fund, 2013) accessed September 27, 2024

Summary

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.

Subject: Consumption taxes, Expenditure, Fiscal consolidation, Fiscal policy, Income, National accounts, Personal income, Revenue administration, Taxes

Keywords: At-risk-of-poverty rate, Consumption taxes, CR, EU average, Europe, Fiscal consolidation, Functioning revenue administration, GDP, Income, ISCR, Lithuania, Lithuania's fiscal consolidation, Paper reviews Lithuania's fiscal consolidation, Revenue, Revenue-to-GDP ratio, Reviews Lithuania's fiscal consolidation, Tax burden, Tax Structurein Lithuania, Well functioning revenue administration

Publication Details

Pages:

18
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/082
Stock No:

1LTUEA2013002
ISBN:

9781484373767
ISSN:

1934-7685

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