According to provisional data of Statistics Lithuania, the general government deficit in 2009 made LTL 8213.6 million, or 8.9 per cent of GDP, and was smaller than the forecasted one (9.5 per cent of GDP). In 2009, the general government revenue amounted to LTL 31530 million, expenditure – to LTL 39743.6 million.

The central government deficit amounted to LTL 5017.3 million (5.4 per cent of GDP), that of the local government – LTL 186.1 million (0.2 per cent of GDP), social security funds – LTL 3010.2 (3.3 per cent of GDP).

At the end of 2009, the general government debt at nominal value amounted to LTL 27104.9 million, or 29.3 per cent of GDP. In 2009, the general government debt grew by LTL 9730.1 million, and its ratio to GDP increased. At the end of 2008, the general government debt at nominal value amounted to LTL 17374.8 million, or 15.6 per cent of GDP.

At the end of 2009, the general government debt was comprised of the central government debt – LTL 25660.9 million, local government debt – LTL 1354 million, and social security funds’ debt – LTL 90 million.

The bulk of the general government debt consisted of outstanding securities – LTL 22820.8 million. Outstanding loans at the end of the year accounted for LTL 4277.7 million.

In 2009, the major share of the general government debt fell within the long-term debt (95.6 per cent), while the short-term debt accounted for 4.4 per cent. Over 2009, the long-term debt grew by LTL 9904.2 million, while the short-term debt dropped by LTL 174.1 million, and at the end of 2009 stood at, respectively, LTL 25906.1 million and 1198.8 million.

The bulk of the borrowed funds was used to settle the general government debt and debt liabilities of social security funds, as well as to balance their cash flows and to finance public investment.

Detailed provisional data on the general government deficit and debt are available in the Excessive Deficit Procedure Notification, submitted to the European Commission. The said notification is also published on the website of Statistics Lithuania.

General government deficit and debt* 

* Data on the general government deficit and debt are provided in the Excessive Deficit Procedure Notification and submitted to the European Commission on a biannual basis. The European Commission observes whether the data meet quality requirements in order to avoid the risk of incompliance with the criteria established by the Maastricht Treaty.

** EDP B.9 – deficit/surplus (net borrowing / net lending) calculated pursuant to the requirements for excessive deficit procedures, which are based on the provisions of the European System of National and Regional Accounts 1995 (ESA 95).

*** The general government sector covers state and municipal budgets, social security funds (State Social Insurance (Sodra), Compulsory Health Insurance and Employment funds), extra-budgetary Privatization, Guarantee, Reserve (Stabilization), Shutdown of the Ignalina NPP and the 1990 Blockade funds, the Savings Restoration Account, public health institutions, state enterprise Valstybės turto fondas (State Property Fund) and public company Turto bankas (Property Bank).