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to boost revenues
after former government’s
austerity cuts
Julie Kozack, head of the IMF
monitoring mission to Vilnius
Lithuania must boost revenue and investment to safeguard its solid recovery after a biting austerity drive which helped it to overcome recession, the International Monetary Fund said Monday.
"Lithuania's revenue-to-GDP ratio is the lowest in the European Union and we think that there is scope to shift the adjustment more to the revenue side," Julie Kozack, head of the IMF monitoring mission to Vilnius, told journalists there Monday. ¨
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