Lithuania May Raise VAT on Slower Economic Growth, BNS Says

The Lithuanian government may raise the value-added tax by two percentage points to 23 percent next year to keep the 2012 budget deficit at 2.8 percent of gross domestic product amid slower growth, the Baltic News Service reported, citing Transport Minister Eligijus Masiulis.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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