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Economy / Lithuania

New Policy Agenda

August 2006 | Risk Summary

The self-declared "confidence government", which was appointed in mid-July, has unveiled an extensive and ambitious programme for the next two years. Priority actions include using the proceeds from the sale of shares in Mazeikiu Nafta to make the final payments under the property and savings restitution scheme, reducing the tax burden, raising the minimum wage and old age pension, reforming local government, and implementing major infrastructure projects (power and transport). Other immediate objectives are promoting population growth, facilitating accession to the eurozone and Schengen area, combating corruption, constructing a nuclear power plant, and increasing funding for healthcare, science and education.

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