ECONOMY - FINANCE / lithuania

Budgetary flexibility granted on the head of reforms to be decided upon in May

Brussels, 17/01/2017 (Agence Europe)

On Tuesday 17 January, the Commission decided that Lithuania's revised draft budget for 2017 presented risks of non-compliance with the Stability and Growth Pact pending a decision, in May, on the country's eligibility for budgetary flexibility related to the implementation of reforms.

For 2016, the European institution and the Lithuanian authorities have agreed on a predicted government deficit of 0.6%, whilst for 2017, the Commission anticipates a deficit of 0.8% of GDP, or 0.1% more than...