Republic of Lithuania: Selected Issues

June 25, 2018

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Format: Chicago

Republic of Lithuania: Selected Issues, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

This Selected Issues paper analyzes the fiscal challenges in Lithuania. Lithuania’s fiscal position has strengthened in recent years. However, medium term challenges are significant given the severe demographic pressures from population aging and net emigration. Lithuania’s net financial worth of the general government is relatively strong compared with other countries in the region although contingent liabilities from the pension system are sizable. The recent reform of the pension system will help make the system more fiscally sustainable. Upcoming reforms should be carefully designed, considering their trade-offs, to ensure social sustainability; reduce old-age poverty; and limit adverse impact on labor supply and informality.

Subject: Education, Expenditure, Financial sector policy and analysis, Fiscal policy, Fiscal rules, Labor, Macroprudential policy, Pension spending, Pensions

Keywords: Case of Lithuania, Consumption expenditure, CR, Employment income, Europe, Expenditure, Fiscal rules, Global, Household expenditure, Households of pensioner, ISCR, Lithuania, Loan-deposit ratio, Macroprudential policy, Pension spending, Pensioner, Pensions, Pillar II, Population structure, Retirement age, Spending gap

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/186
Stock No:

1LTUEA2018002
ISBN:

9781484363546
ISSN:

1934-7685

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