IMF Calls on Lithuania to Increase Tax Revenues
(MENAFN) The International Monetary Fund (IMF) is calling on Lithuania to increase tax revenues, warning that current fiscal policies fall short of securing long-term budget stability, especially as defense expenditures climb and the population ages, according to a Lithuanian business news outlet.
In its latest assessment, the IMF points out that Lithuania’s tax intake is among the lowest in the European Union, amounting to just 22.3% of the country’s gross domestic product (GDP). This figure lags behind the EU average of 26.1%, raising concerns about the country's fiscal resilience.
Moreover, the fund estimates Lithuania could unlock as much as 9% of GDP in untapped tax revenue by overhauling its current tax structure.
Reforms already passed earlier this year are projected to yield a modest increase in revenues—an estimated 0.6% of GDP, starting in January 2026, the IMF said.
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