The shortfall, calculated on a cash basis, narrowed from 1.9 percent of GDP in the same four-month period of last year, the ministry, based in the capital, Vilnius, said today on its website. The measure includes all public finances except municipal budgets.
Prime Minister Andrius Kubilius’s government is seeking to narrow the fiscal deficit to 3 percent of GDP this year from 5.5 percent in 2011.
Government debt rose to 40.5 percent of GDP at the end of April from 39.1 percent in March, the ministry said in a separate statement. Debt widened after the government sold 400 million euros ($496.6 million) in bonds in April, it said.
To contact the reporter on this story: Milda Seputyte in Vilnius at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com