The economic forecast predicts that budget deficit in 2014 will stand at 2.3%, while next year it will drop to 1.7% of GDP.
The European Commission forecasts 1.1% inflation for Lithuania this year, while in 2015 inflation should increase to 1.9%.
According to the forecast, Lithuania's debt should not exceed 42.2%, while in 2015 it will account for 41.4%.
Other economic indicators forecasted for Lithuania are also very good: the winter 2014 European Economic Forecast predicts that Lithuania's GDP will grow by 3.5% in 2014; it is lower by 0.1% compared to the autumn forecast, yet it remains the second highest growth predicted in the European Union (EU).
The highest economic growth is forecasted for Latvia. According to the European Commission, Latvia's economy will grow by 4.2%, while EU average is 1.5% and euro area average is 1.2%.
The forecast remains based on the assumption that the implementation of agreed policy measures at EU and Member State level sustains improvements in confidence as well as financial conditions and advances the necessary economic adjustment in Member States, by increasing their growth potential.
