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Republic of Lithuania: Selected Issues
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 186
Language:
English
Publication Date:
25 Jun 2018
DOI:
https://doi.org/10.5089/9781484363546.002
ISBN:
9781484363546
ISSN:
1934-7685
Pages:
32
Keywords:
ISCR; CR; Lithuania; expenditure; pensioner; household expenditure; spending gap; population structure; Pillar II; employment income; households of pensioner; retirement age; loan-deposit ratio; consumption expenditure; case of Lithuania; Macroprudential policy; Pension spending; Fiscal rules; Pensions; Global; Europe
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund