In the euro area the government deficit to GDP ratio declined from 3.7% in 2022 to 3.6% in 2023, and in the European Union (EU) it increased from 3.4% to 3.5%, reports Eurostat, the EU’s statistical office.
government deficit
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The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general government deficit and stabilizing the growth of debt relative to GDP, Finance Minister Vilius Sapoka said on Tuesday.
Lithuania's general government deficit is estimated at 5 percent GDP next year, the country's Finance Ministry announced on Wednesday, having presented next year's budget bill.
