Republic of Lithuania: Selected Issues

June 1, 2015

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Republic of Lithuania: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This Selected Issues paper reviews public expenditure in Lithuania with a view to identify areas for which deeper reforms may be warranted to improve spending efficiency and contain future spending pressures. The paper benchmarks spending levels and spending composition in Lithuania against those in other European countries. The 31 European countries covered in the benchmarking exercise include the EU-28 plus Iceland, Norway, and Switzerland. Reflecting the tendency for public spending to increase with income, Lithuania’s spending as a share of GDP is compared with the European Union average spending controlling for GDP per capita. The paper also tries to assess spending relative to outcomes to get a sense of spending efficiency.

Subject: Education, Health, Labor, Labor share, Production, Productivity, Real wages, Wages

Keywords: Africa, Central and Eastern Europe, Central Asia, Consolidation measure, CR, Eastern Europe, EU average, Europe, ISCR, Labor share, Labor share, One-size-fit-all wage policy, Pay, Productivity, Real wages, Wage bill, Wage growth, Wage-productivity gap, Wages

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/139
Stock No:

1LTUEA2015002
ISBN:

9781513594125
ISSN:

1934-7685

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