Lithuanian govt debt grows to 41.2% of GDP in 2012
VILNIUS. March 4 (Interfax/BNS) - Lithuanian government debt stood at 46.6 billion litai, or 41.2% of GDP, at the end of 2012, the Finance Ministry said in a press release.
Consolidated debt of the central government sector was 43.16 billion litai and the consolidated debt of local governments was 1.99 billion litai. The social security fund had consolidated debt of 1.45 billion litai.
Domestic government debt was 11.38 billion litai, or 24.4% of consolidated government debt, and foreign debt was 35.22 billion litai, or 75.6%.
Government debt in 2011 was 41.74 billion litai, or 39.54% of GDP. Foreign debt accounted for 74.1% of the total debt, or 30.91 billion litai, and domestic debt for 25.9%, or 10.83 billion.
The central government sector includes the state budget, social insurance fund (Sodra) and extra-budgetary funds: privatization, guarantee, reserve (stabilization), Ignalina NPP closure, agriculture loan guarantees, savings recovery account, state property fund and property bank Turto bankas, and agriculture loans and money from the fund for agriculture loans and guarantees, in treasury accounts.
The litas is pegged to the euro at a rate of 3.4528 litai/EUR1.
